This page was written, edited, reviewed & approved by Emil J. Fleysher following our comprehensive editorial guidelines. Emil J. Fleysher, the Founding Partner, has 15+ years of legal experience as a bankruptcy attorney. Our last modified date shows when this page was last reviewed.
As the real estate market has begun to cool down, many builders are throwing incentives to prospective buyers to see who will bite. Some are including pools or built-in barbecues. Meanwhile, others are agreeing to cover up to $10,000 in closing costs or subsidize mortgage rates. From Sacramento, California to Orlando, Florida builders are doing their best to entice buyers. They do this by providing more freebies for new homes.
Throughout the country, new-home sales have been spotty, plummeting in June before making its come back in July and August. Moreover, after investors pushed properties prices up and the FHA limit was lowered, builders are having a hard time selling new homes. Even with the incentives. There are some contractors who are refusing to give any stimulus to home buyers. Furthermore, they stand by the fact that a new home is alluring enough.
In fact, the federal government cut the FHA loan size of 652 major U.S. counties this January. They did this to attract private capital back. Furthermore, many of the counties where lowering of the FHA happened were cut below the median price of new-home values. So, this makes it harder to sell new homes and many buyers to purchase. However; existing home sales did increase because of the same FHA cuts.
If you have questions about Foreclosure, Loan Modification, Bankruptcy, Short Sale, or other alternatives, please feel free to call my office at 888-886-0020. Or, send an e-mail to emil@fleysherlaw.com, or complete the contact form below.
Emil Fleysher is a South Florida attorney dedicated to helping individuals overcome financial hardships. As the founder of the Law Office of Emil Fleysher, P.A., he specializes in bankruptcy, debt settlement, foreclosure defense, and mortgage solutions.
A graduate of Nova Southeastern University Shepard Broad Law School (2009, honors), Emil has a strong commitment to consumer rights and has volunteered over 300 hours with Legal Aid of Broward County. His firm takes a personalized, client-focused approach to debt relief, ensuring individuals understand their options and regain financial stability.
For those facing overwhelming debt or foreclosure, Emil offers free consultations to explore the best solutions.
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