Wednesday, July 16, 2008

Is Affordable Housing in Waxahachie Soon to be Obsolete?

According to some of my builder contacts, the city of Waxahachie is raising requirements on new homes built. Some of these changes include higher minimum footage requirements, alleys, rear and J-swing entries. This along with the changes in the housing market and the cost of materials means higher prices.

Right now homes are available in town for as low as $90,000, but that will see a significant increase. The requirements certainly have an upside, but it means that fewer first time buyers will be able to buy a home in this great city! I encourage anyone who is interested in a home here, to strike while the iron is hot, prices are great and interest rates are still holding.

I have some good loan sources for challenged credit and strong credit. They'll be glad to look at your situation. I believe changes will be taking place fairly soon as plans are currently being reworked. So now may be the time for you to qualify for a new home. A delay could possibly mean you can't qualify for a home in the near future. I'll be glad to assess your situation and help find you just the right home.