Rural areas see increases in homebuying activity

Ever want to move out to the country?

Apparently a lot of people are doing just that according to information from the Housing Assistance Council, which works to boost rural homeownership.

The organization looked at mortgage data and found:

Rural home purchase originations climbed by nearly 7 percent in 2014 year-over-year. Meanwhile, the overall national increase in home purchases increased 4 percent.

The good news: People are buying homes in rural areas, although still not at the rate before the recession. The less good news: The interest rates are higher for homebuyers, according to the data.

Read more at the DailyReal Estate News and Real Estate Economy Watch.

By |2015-10-14T08:24:08+00:00October 14th, 2015|Uncategorized|Comments Off on Rural areas see increases in homebuying activity

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