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With the average mortgage rate doubling to about 7% in a year, inflation and limited houses for sale, home ownership continues to be out of reach for many Guam families
With increasing demand for construction workers on the island and tight housing inventory, Guam’s real estate professionals said changes need to be made to policies governing temporary worker housing.
Incoming military families stationed at Naval Base Guam will be required to live on the base if housing is available, under a policy announced this week.
View the Pacific Daily News for Wednesday, November 2, 2022
Owning a house on Guam has become more expensive because the average interest rate on mortgage doubled to about 7% in just a year, while the latest quarterly median price