Housing Market
New Builds Make Up One-Third of Inventory
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
August 18, 2023
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
Byron Lazine, Tom Toole, and Lisa Chinatti discuss housing inventory still near record lows, things getting weird in the housing market, the lock-in effect, confusing headlines, and the best source of accurate information on the fee for borrowers with higher credit scores.
A new survey by Realtor.com and HarrisX shows 82% of seller-buyers are feeling the lock-in effect of their lower mortgage rates, especially when considering the impact of today’s higher rates on their monthly mortgage payment.
For daily real estate news, business and marketing.
