"New Home Sales Plummet Amid Record High Prices"
TL;DR
New home sales dropped 4.7% in April 2024, with significant negative revisions to previous months' data. The median sales price was $433,500, and the inventory represents a 9.1-month supply. High mortgage rates and record prices are impacting affordability, and existing-home sales have also declined.
Topics:businessreal-estate#census-department#economic-indicators#housing-market#mortgage-rates#new-home-sales#real-estate
- New Home Sales Sink 4.7 Percent on Top of Huge Negative Revisions Mish Talk
- Up First Briefing: Spring housing market; benefits of cycling NPR
- Home prices reach record high of $387,600, putting damper on spring season CBS News
- Nationwide sales of newly built homes are dropping Greater Baton Rouge Business Report
- Buying a house keeps getting more expensive: realtors Business Insider
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