Real Estate Update 12/18/19
Luxury Construction The number of new-construction luxury homes at 3,000 square feet or less has increased by nearly 20% since 2013—with a corresponding decline in larger-size, high-price homes. (WSJ) Delinquent Mortgages In September 2019, 3.8% of home mortgages were...
Municipal Utility District (MUD)
A Municipal Utility District (MUD) is one of several types of special districts that function as independent, limited governments. The purpose of a MUD is to provide a developer an alternate way to finance infrastructure, such as water, sewer, drainage, and road facilities.