Builder Discounts and Incentives Drive August Surge in New-Home Sales
Sales of newly built homes surged to a three-year high in August, signaling a potential homebuilder resurgence amid price cuts and shrinking inventory.
Opendoor Technologies Is Surging Again. Will It Have Last Laugh on Critics?
Opendoor benefited from a sharp rise in new single-family home sales, but mortgage and purchase demand weaknesses suggest its iBuyer model faces ongoing fragility.
Homebuilders Face Challenges as New-Home Sales Decline-5 Key Takeaways
New single-family contract signings fell 8.2% in July despite price cuts and incentives, with median new-home price at $403,800 and affordability constraints persisting.
Have lower mortgage rates already boosted the homebuilders?
New single-family home sales modestly declined month-to-month but exceeded estimates, and lower mortgage rates near 6% could boost builder confidence, permits, and housing starts.
Home Sales Post Their Biggest Monthly Fall Since 2022 | KQED
The median existing home sales price for March was $403,700, up from $392,900 the previous year, indicating a continued but slower climb in home prices.
