New Homes Flood the Market in 2023: But Will It Even Make a Difference?

In a year where the housing market is showing unpredictable twists, there’s a sudden surge of new homes coming online. But as mortgage rates rise to staggering highs not seen in decades, the pivotal question remains: will these new homes even matter now? Join John Schink of Deerwood Realty as he delves into the recent data, exploring the intricate dynamics of homebuilding, soaring mortgage rates, and the potential impact on the U.S. housing market.

#HousingSurge2023 #MortgageRateCrisis #NewHomeReality

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https://www.reuters.com/markets/us/us-single-family-housing-starts-rebound-sharply-september-2023-10-18/