New-home sales fall in May as inventory piles up
Housing Wire
JUNE 26, 2024
According to Bright MLS, the 481,000 new homes on the market is the most since January 2008, when homebuilders pulled back on production before the financial crisis. That’s because relative to homebuilders, homeowners have more options for offering concessions, such as help with closing costs and repairs. It was at 8.1
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