As the Federal Reserve gathers for their two-day meeting to decide on potential changes to interest rates, new-home sales may figure into their discussion after a month of minor declines. The latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau show that new-home sales throughout September fell 0.6% on…
What gets people to move? That is a question every real estate professional can answer to some degree. The big picture usually includes the five Ds (divorce, death, diapers, diamonds and diplomas), which are life circumstances that (often) necessitate a home sale and/or purchase—what economists have called non-discretionary moves. But as affordability and mortgage lock-ins…
Earlier this month, it was reported that sales of existing homes fell during June, but the latest report on sales of newly constructed homes offers modestly more positive indicators for housing. According to the latest findings from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new single-family homes sales were…