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Are New Homes in Birmingham Getting Smaller?

Birmingham Appraisal

Census Bureau, home size steadily increased from 1999 through 2008/2009, which we all know was when the housing market crashed. Other factors eventually led to the crash including subprime mortgages, predatory lending, and questionable securitization by lenders, however, that is a topic for another day.

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An open letter to President-Elect Trump: A market in crisis

Housing Wire

Housing starts plummeted to the lowest levels in 50 years in April of 2009 and the cost to build soared. If one would normally pay 20% based upon their tax bracket, they will pay 10% instead. A loan that pays off early does not provide the expected return and everyone on the lending side loses. A lost 20 years.

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