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FOXNEWS America Reports June 4, 2024 17:35:00

Buying anything. they had to move to building starter homes and to make them affordable, it s a recipe we have seen before. you have to increase the density, often we try to do apartments, these are single-family detached but smaller lots, smaller houses so they don t cost as much, and that s where the builder can now make a sale. and it s the only market available to them. sandra: and the estridge builders, the first time buyers and the empty nesters, a couple downsized from a 7200 square foot home to a 3200 square foot home, and the furniture market, they are adapting to this new normal in the housing market. they are making much smaller furniture as well. final thought from you, robert. listen, i think we have not really seen the shift and i m nervous about the resale value of the future of these types of ....

Starter Homes , Sandra Smith , Empty Nesters , Furniture Market , Robert Wolf , Housing Market , Resale Value ,

FOXNEWS America Reports June 4, 2024 17:33:00

We have existing sales almost down 20%, much larger market over the past year. so i think to douglas s point and your point, what we are seeing, there is a complete lack of mobility for those with existing homes because of where they are in their interest rates so a lot of them have 5, 10, 30-year interest rates at a low price, there s no mobility for them to go somewhere. and so now you have new home buyers where as you said, wages are tougher, and home prices are higher, so they have to find ways to cut costs. i have not seen this kind of, you know, lack of correlation between existing and new homes, i don t know, douglas, you know, is an economist, he may have a better insight, probably not since the 1980s. sandra: there is something going on here, doug. i ll let you respond to that while i put the pictures up. published in the wall street journal and then went to a website of the builder as well, a semi custom new home builder ....

Interest Rates , Home Buyers , Home Prices , Don T Know , Sandra Smith , Wall Street Journal , Home Builder , Semi Custom , Doug Holtz Eakin ,