MarketWatch (February 26)
2025/ 02/ 27 by jd in Global News
“The brightest spot in the housing market is fading fast.” Sales of new homes in the U.S. “fell to the lowest level in 3 months, as buyers have grown frustrated with high mortgage rates and high home prices.” The 10.5% drop in new-home sales has caused inventory to spike. “Builders are now sitting on high levels of inventory. The number of finished homes on the market in January was at the highest level since August 2009, in the aftermath of the Great Recession.”
Tags: August 2009, Builders, Buyers, Fading, Finished homes, Frustrated, Great Recession, Housing market, Inventory, Mortgage rates, New homes, Prices, Sales, U.S.
