New home sales are at an all-time high!
With an annualized rate of 759,000. This robust pace hasn't been seen since the pre-2008 era. 🔥
Despite higher interest rates, buyers are flocking to new construction, compensating for the sluggish pace of existing home sales. The housing industry is facing challenges, but we're still in the game. 🏠
Did you know the Fed has not just one, but three mandates? Maximum employment, stable prices (fighting inflation), and moderate long-term interest rates. The recent wild swings in the ten-year treasury? Is that "moderate"?
Buyers are increasingly opting for new construction, compensating for the slower pace of existing home sales. While the housing industry faces challenges, we're committed to persevering. 🏠
Stay tuned for more updates.
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