New-Home Sales Are Off To A Roaring Start In 2024
Loan applications for new-home purchases were up 19 percent from a year ago in January, according to an MBA survey of builders that's been an accurate predictor of trends.
Source: inman.com
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Loan applications for new-home purchases were up 19 percent from a year ago in January, according to an MBA survey of builders that's been an accurate predictor of trends.
The national median applied by applicants is now at $2,137
Prospective buyers turn to newly built homes due to limited supply of existing houses
In a sign of declining homebuyer affordability, the median mortgage payment increased by 2.5% in May.
Number of single-family home sales also rises