The post US home sales slump to record low in 12 years appeared first on Weekly Real Estate News.
US home sales slump to record low in 12 years
New York Post
New home sales surge by 12% — highest level in more than a year
Sales of new US single-family homes surged to a 19-month high in September as builders offered price discounts and other incentives to woo buyers, but mortgage rates approaching 8% could curb demand. The larger-than-expected increase […]
Housing Wire
Home Point is shrinking but still losing money
Like most of its publicly traded peers, Home Point Capital, the parent company of wholesale lender Homepoint, shrank in 2022 to adapt to a shrinking mortgage market. But its cost-cutting initiatives were not enough to […]
Top News
The housing market has frozen over. Here’s why experts say home affordability isn’t getting better any time soon.
The housing market is frozen, and affordability is unlikely to get better soon, experts told Insider. Activity has slowed thanks to high mortgage rates, which have pushed both buyers and sellers out of the market. […]