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Here’s why new home sales inch higher despite 7% mortgage rates

While the spring housing market has been plagued with low supply, high prices and spiking interest rates, would-be homebuyers are turning their attention towards new construction. The reason is there's more availability and incentives compared to previously owned homes."There's more opportunity in new construction,"...

Pending home sales beat expectations to the upside in best read of the year

CNBC's Diana Olick reports on the latest economic data to cross the tape. Source link

Mortgage demand drops as interest rates soar over 7%

A residential real estate sold sign is seen in Washington, D.C. Brendan Smialowski | AFP | Getty ImagesMortgage rates rose for the third straight week last week, hitting the highest level since November. As a result, mortgage application demand dropped 2.7% compared with the...

Housing market is getting closer to end of elevated interest rate cycle, says Re/Max Co-Founder

Hosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Source link

BNP Paribas forecasting further disinflation in housing market, says Chief U.S. Economist Riccadonna

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCarl Riccadonna, chief U.S. economist at BNP Paribas, and CNBC's Steve Liesman join 'The Exchange' to share their reactions to the 2Y Treasury auction, outlooks for housing and inflation, and more. Source...

2024 will be a ‘golden age of homebuilding,’ says Howard Hughes Holdings’ CEO David O’Reilly

ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailDavid O’Reilly, CEO of Howard Hughes Holdings, joins CNBC's 'The Exchange' to share what's driving new home demand, planned communities, and more. Source link