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Home Market Research Markets

13% Home Sales Drop Gives Buyers the Upper Hand

by TheAdviserMagazine
8 months ago
in Markets
Reading Time: 1 min read
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13% Home Sales Drop Gives Buyers the Upper Hand
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Michael O’Keene / Shutterstock.com

New-home sales fell sharply in May, dropping to their lowest level in seven months as affordability challenges kept buyers on the sidelines. According to CBS News, builders offered deep discounts and incentives, but higher mortgage rates and still-elevated home prices continued to deter would-be buyers. With inventory increasing, many builders appear more willing to make deals — especially as…



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