Despite ample inventory and more affordable prices, seasonally adjusted new residential sales dropped 6.6 percent annually. Experts attributed the drop to mortgage rates as the primary cause.
Source: Inman News
Mortgage rate woes undercut June new home sales
Published in bright mls, Dr. Lisa Sturtevant, existing-home sales, home inventory, home price growth, home sales, housing inventory, housing market, inman, joel berner, lisa sturtevant, Markets & Economy, median sales price, midwest, mortgage bankers association, mortgage rates, New home construction, new home sales, new-home market, northeast, Oliver Allen, Pantheon Macroeconomics, purchase loans, realtor.com, Select, single-family homes, U.S. Census Bureau and US Census Bureau
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