Latest / Durham News Today | 2 Min News | The Daily News Now!
New Homes, Fewer Buyers, Higher Rates | Durham News
Housing market woes persist as high mortgage rates, stubborn inflation, and a weaker job market keep buyers on the sidelines—even as builders ramp up supply and slash prices. Despite a small June uptick, new home sales are down 5.6% year-over-year and the lowest in half a decade. With builders offering incentives like rate buydowns and homes becoming more affordable, the real hurdle is convincing hesitant buyers to make the leap—especially as younger adults delay forming new households. More homes are being built, but without demand, it’s not enough. Listen in comfort:Get a discount on a Soli…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.