Heterodox
Two year low in new home prices and turndown in sales show renewed pressure caused by increased mortgage rates – by New Deal democrat Once again, this morning’s report on new single family home sales shows that the compete bifurcation of the new vs. existing home markets continues. Unlike existing homeowners, many of whom are shackled in place by 3% mortgages, new home builders can offer price incentives and downsize floor plans to increase...
Read More »Two year low in new home prices and turndown in sales show renewed pressure caused by increased mortgage rates
