HomeIndustriesHomebuilding & Real EstateJanuary New Home Sales Miss; Rates Staying Above 6%
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January New Home Sales Miss; Rates Staying Above 6%

January New Home Sales Miss; Rates Staying Above 6%

Mark Fleming breaks down January’s New Home Sales report, which missed expectations. He notes that home prices have come down over the last few years, though high mortgage rates are affecting affordability. He thinks that if wages can continue to rise, the housing market will even out more. “Barring a major recession,” he doesn’t think mortgage rates will fall below 6%.

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26 Feb 2025

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