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Delaware is the second smallest state in the country, but there is nothing small about its outlook. The median income is $50,000 and that means the standard of living in the state is high. The population is under one million and that means there is lots of room for everyone. The state's income comes from both manufacturing and agriculture, but government and the education sector are also important employers. The state has close to 50,000 housing units available at an average home price of $150,000. The state's economy has given builders an incentive to construct new units at a rapid pace. There were close to 7,000 new permits issued in 2002. The state's mortgage banks are also encouraging the growth trend with loans that cost an average of $1,150 a month. All in all, this is an excellent time to secure a mortgage in Delaware.

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Delaware Office Of The State Bank Commissioner

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