As the lock-in effect eases, the market for new homes is shrinking
Housing Wire
NOVEMBER 4, 2024
As high mortgage rates reshape the housing market, existing homes are making up a larger percentage of for-sale inventory, and homebuyers are taking notice. This marked the lowest market share for new homes in three years. market share, while first-quarter 2022 saw a record high of 34.4%. Census Bureau. million units.
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