realcaseyrollins to Business@lemmy.worldEnglish · 2 months agoNew home sales plummet 17% to 2-year low as rising mortgage rates sideline buyersnypost.comexternal-linkmessage-square19fedilinkarrow-up143arrow-down12cross-posted to: newsfinance
arrow-up141arrow-down1external-linkNew home sales plummet 17% to 2-year low as rising mortgage rates sideline buyersnypost.comrealcaseyrollins to Business@lemmy.worldEnglish · 2 months agomessage-square19fedilinkcross-posted to: newsfinance
minus-squareAnticorp@lemmy.worldlinkfedilinkEnglisharrow-up1·edit-22 months agoIt should drive prices down too, but it’s not doing that either. Markets are based on whimsy now.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkEnglisharrow-up1·2 months agoEh, I don’t think so. I don’t think there’s an oversupply, inventory seems to also be falling. High mortgage rates discourage both buyers and sellers.
It should drive prices down too, but it’s not doing that either. Markets are based on whimsy now.
Eh, I don’t think so. I don’t think there’s an oversupply, inventory seems to also be falling. High mortgage rates discourage both buyers and sellers.