I was just going through my online news, when I discovered a report that new home construction was up by 8.2% according to new figures released by the government. I was just wondering whether this is true in your neighborhoods. Here in my area (Covington GA Real estate market), there's virtually no new construction going on. I drove around the other day trying to locate any new houses under construction, but was surprised to find that many of the Covington GA new homes built more than a year ago are still on the market. There's virtually no new construction activity in these subdivions. The home builders are trying to sell their current inventory an they have drastically reduced the prices on these houses. We scout around and pu together a list of discounte homes in the area.
CLICK HERE FOR OUR FREE LIST OF DISCOUNTED HOMES.
There are also many Covington GA foreclosures currently on the market that are having a hard time finding qualified buyers. Many HUD homes are also looking for buyers with a lot of difficulties. HUD is now requiring only $100 down to move into one of their homes. They will even pay some closing costs for you. The national main stream media may be reporting that Construction activity is up, but I don't see that here in Covington. Both Residential and Commercial property construction is definitely down.
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