Why Is Real Estate Market Booming at Tristan Correa blog

Why Is Real Estate Market Booming. While the south did account for almost 90% of the annual increase, the west made up most of the balance, with slight increases in the midwest and a small decline in the northeast. New home sales are up almost a third compared to last year, even as sales for existing homes remain in the doldrums. Escalating home prices and soaring mortgage rates turned homes unaffordable while builders face growing inventories and plummeting. Three further factors may explain why house prices are once again rising: New homes are more in demand because so few existing homes are for sale, homebuilders say.

Real estate market booming in Winnipeg
from winnipeg.ctvnews.ca

New homes are more in demand because so few existing homes are for sale, homebuilders say. While the south did account for almost 90% of the annual increase, the west made up most of the balance, with slight increases in the midwest and a small decline in the northeast. Three further factors may explain why house prices are once again rising: Escalating home prices and soaring mortgage rates turned homes unaffordable while builders face growing inventories and plummeting. New home sales are up almost a third compared to last year, even as sales for existing homes remain in the doldrums.

Real estate market booming in Winnipeg

Why Is Real Estate Market Booming Escalating home prices and soaring mortgage rates turned homes unaffordable while builders face growing inventories and plummeting. New homes are more in demand because so few existing homes are for sale, homebuilders say. New home sales are up almost a third compared to last year, even as sales for existing homes remain in the doldrums. While the south did account for almost 90% of the annual increase, the west made up most of the balance, with slight increases in the midwest and a small decline in the northeast. Escalating home prices and soaring mortgage rates turned homes unaffordable while builders face growing inventories and plummeting. Three further factors may explain why house prices are once again rising:

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