Ep. 203 | New Home Sales Plummet 12%

SUMMARY: New homes sales plummet 12% in July and are now at levels not seen since 2016, The South continues to dominate representing 67% of all home sales for the month, new poll finds that 76% of potential buyers are less likely to buy because of rising rates and prices, and the U.S. office glut has been in the making for decades…

Sources:

• New Home Sales Plummet 12.6% in July
• Higher Prices Impacting Housing & Consumer Behavior
• U.S. Office Glut Decades in the Making