As the lock-in effect eases, the market for new homes is shrinking
Housing Wire
NOVEMBER 4, 2024
NAR data shows that the annualized rate of existing-home sales dropped 1% from August to September, landing at 3.84 As permits continue to decline, Redfin predicts that the new-home share of the market will fall further, leaving the door open for existing-home sales to take center stage in the market. million units. year over year.
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