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PRNbourbon t1_jdjp0d8 wrote

New housing starts to decline 20%. Yup, thats gonna lead to a further shortage in the years to come.

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exemplaryprophecy1 OP t1_jdk19pm wrote

New home prices down 20%, but high low-pressure mortgage rates and a possible recession continue to hurt affordability

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Brotherio t1_jdmotjl wrote

Existing homes unchanged.

Current mortgage rates for existing homeowners: 65% have 4% or lower. 25% have 3% or lower!

These people aren’t selling any time soon.

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