New Home Loans Spur Development in Georgia
By Joe Taylor Jr.Local Lender Columnist
Jun 26, 2006
As changing lifestyles and rising new home loan interest rates cause Americans to rethink their home buying strategies, Georgia's mountain and lakefront communities benefit from a real estate boom. Whether relocating to Georgia for work or simply setting the stage for a fun retirement, more Americans arrive in the Peach State every month.
The bustling city of Atlanta offers tremendous opportunities for new careers, and new homes. Throughout the historic city, new home loans have funded bursts of townhome and condo construction projects. With executives eager to live near their offices in this sometimes congested metropolis, a good new home loan deal can soften the blow of a price tag in the high six digits.
Many of Georgia's newest residents prefer to enjoy the peace and quiet of a home away from the city. Many families choose to buy new homes in the lakefront developments about an hour outside of Atlanta. New home loans on these luxury houses can often cost less than in-town dwellings.
Hobbies Drive Interest in Georgia's New Homes
New homebuyers also flock to Georgia for another specific reason - golf. New home developments have sprung up near Interstate 20 in the town of Greensboro. As the home of a major, new golf resort, local builders have helped finance new home loans to help attract affluent new residents to their community.While, statewide, recent government figures show that Georgia leads the country in foreclosure, lenders are eager to close as many new home loan deals as possible before interest rates rise again. Whatever your interest, you're sure to find a wonderful house and an attractive new home loan to match in Georgia.
Sources:
Golf Digest
Miami Herald
New York Times
About the Author
Joe Taylor Jr. has covered business and finance news for Financial Times Television and CNBC. He coaches beginning mortgage brokers to provide better customer service and to understand creative financing opportunities.