Has the U.S. Housing Market Split!?

New home sales increased by 7.4%, reaching over 724,000 units. In contrast, existing home sales dropped by 5.9%, marking the steepest decline since 2022. High mortgage rates and limited inventory have left both buyers and sellers hesitant. However, favorable sales conditions offered by new home builders have led to a relative boost in the new home sector. Additionally, with the 30-year mortgage rate rising to 6.90%, mortgage applications decreased by 12.7% last week!
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Видео Has the U.S. Housing Market Split!? канала Otet Markets