The Missing Resale Market

The market did not behave normally this year. Typically, the supply of homes for sale on the market increases from February through September, then decreases.
With those low mortgage rate golden handcuffs keeping a huge chunk of the existing home market in cryogenic stasis, the new home sector has thrived.
The frequent use of mortgage rate incentives paired with inventory homes available for quick move-ins continues to drive stronger new home sales than typical for July and early August.

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