|
"Really? Rising rates impact home sales? Could have sworn media experts repeatedly shrugged off these concerns. Shocking to think they might have been mistaken. Apart from the reduced number of sales, it is interesting that both the median and average sales prices continued to rise. Guess that shadow..."
|
|
""....Supply on a monthly basis is now at 5.2 months vs 4.3 months in June. The number of new homes on the market increased in the month, to an adjusted 171,000 from June's 164,000...."..."
|
|
"rising supply, rising rates, and rising prices. beautiful!..."
|
|
"does new home sales reflect closings on newly constructed homes?..."
|
|
|
"Newly constructed homes with committed sale during the month...."
|
|
"if it's contracts signed, then a % of those wil not close due to the stringent underwriting guidelines..."
|
|
|
"Contract and earnest money delivery, unless I'm mistaken...."
|
|
"New home sales measure the number of newly constructed homes with a committed sale during the month. The level of new home sales indicates housing market trends and, in turn, economic momentum and consumer purchases of furniture and appliances...."
|
|
|
"Correct, John....the number does not account for cancellations...."
|
|
"The sales were from contracts executed months ago while the rates were in the mid 3's and low 4's. We have seen the buyer's disappear in the last two weeks when our mortgage brokers say 5+ on a 30 yr. fixed. The Fed Chairman was wise to leave room if and when this happened...."
|
