Sales of new homes in September saw a significant boost, defying the climb in mortgage rates. This surge indicates that buyers remain enthusiastic about purchasing new homes, especially since the market offers limited options for previously owned properties. Additionally, builder incentives likely played a role in driving sales. Government data released on Wednesday revealed … [Read more...] about New Home Sales Increase Despite Rising Mortgage Rates
New-Home Sales
Residential Real Estate: A Tale of Contrasting Fortunes
Inflation, rising interest rates, and a shortage of available homes for sale have taken a toll on the residential real estate sector during the ongoing pandemic. However, amidst the gloom, there is a glimmer of hope in the form of home construction. Recent news reveals that new-home sales have actually seen a rise, providing a much-needed boost to this industry. Leading … [Read more...] about Residential Real Estate: A Tale of Contrasting Fortunes
