To prop up sales, 24% of home builders cut prices, others tried mortgage-rate buydowns or other incentives. By Wolf Richter for WOLF STREET. “Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households,” according to the National Association of Home Builders this morning regarding its survey of home builders. Incentives: “In another indicator ...
To prop up sales, 24% of home builders cut prices, others tried mortgage-rate buydowns or other incentives. By Wolf Richter for WOLF STREET. “Buyer traffic is weak in many markets as more consumers remain on the sidelines due to high mortgage rates and home prices that are putting a new home purchase out of financial reach for many households,” according to the National Association of Home Builders this morning regarding its survey of home builders. Incentives: “In another indicator ...
Just a few months ago, builders couldn’t put homes up fast enough to appease the hordes of eager buyers. They boasted about lengthy waitlists, even holding lotteries to choose those lucky enough to purchase their newly constructed homes. Those days are now over as the housing market corrects after two years of runaway prices. Buyers are now canceling orders and extracting themselves from waitlists as higher mortgage rates have pushed their dreams of owning new construction beyond their financi...
Just a few months ago, builders couldn’t put homes up fast enough to appease the hordes of eager buyers. They boasted about lengthy waitlists, even holding lotteries to choose those lucky enough to purchase their newly constructed homes. Those days are now over as the housing market corrects after two years of runaway prices. Buyers are now canceling orders and extracting themselves from waitlists as higher mortgage rates have pushed their dreams of owning new construction beyond their financi...
California special: Pending sales collapse by 30%, prices begin to “moderate,” San Francisco condo prices decline year-over-year. By Wolf Richter for WOLF STREET. Sales that closed in May of previously-owned single-family houses, condos, co-ops, and townhouses fell by 3.4% from April, based on the seasonally adjusted annual rate of sales, and by 8.6% from a year ago, the National Association of Realtors reported today. Sales of single-family houses alone dropped by 7.7% year-over-year. Sa...
California special: Pending sales collapse by 30%, prices begin to “moderate,” San Francisco condo prices decline year-over-year. By Wolf Richter for WOLF STREET. Sales that closed in May of previously-owned single-family houses, condos, co-ops, and townhouses fell by 3.4% from April, based on the seasonally adjusted annual rate of sales, and by 8.6% from a year ago, the National Association of Realtors reported today. Sales of single-family houses alone dropped by 7.7% year-over-year. Sa...
New construction: What is it, where is it, why do I care, how can I make some money at this and what should I do to get started? In today's show, we're going to be discussing why New Construction is a must-have income spoke for all real estate agents, and how you can effectively grow your real estate business & increase commissions by adding this to your cadre of leads, listings & sales!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...
New construction: What is it, where is it, why do I care, how can I make some money at this and what should I do to get started? In today's show, we're going to be discussing why New Construction is a must-have income spoke for all real estate agents, and how you can effectively grow your real estate business & increase commissions by adding this to your cadre of leads, listings & sales!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...
New construction: What is it, where is it, why do I care, how can I make some money at this and what should I do to get started? In today's show, we're going to be discussing why New Construction is a must-have income spoke for all real estate agents, and how you can effectively grow your real estate business & increase commissions by adding this to your cadre of leads, listings & sales!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...
New construction: What is it, where is it, why do I care, how can I make some money at this and what should I do to get started? In today's show, we're going to be discussing why New Construction is a must-have income spoke for all real estate agents, and how you can effectively grow your real estate business & increase commissions by adding this to your cadre of leads, listings & sales!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...
New construction: What is it, where is it, why do I care, how can I make some money at this and what should I do to get started? In today's show, we're going to be discussing why New Construction is a must-have income spoke for all real estate agents, and how you can effectively grow your real estate business & increase commissions by adding this to your cadre of leads, listings & sales!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...
New construction: What is it, where is it, why do I care, how can I make some money at this and what should I do to get started? In today's show, we're going to be discussing why New Construction is a must-have income spoke for all real estate agents, and how you can effectively grow your real estate business & increase commissions by adding this to your cadre of leads, listings & sales!
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn more abo...
