Reported 2 days ago
In August, sales of new single-family homes rose 20.5% month-over-month, reaching their highest point since January 2022, amidst high mortgage rates around 6.6%. While the median price of new homes increased slightly, builders are using discounts and incentives to attract buyers. Experts caution against over-interpreting these figures, suggesting that many potential buyers may still be waiting for lower rates before entering the market. Evaluating personal financial circumstances remains crucial for prospective homebuyers.
Source: YAHOO