Housing Market Update: New Home Sales in September | Episode 062 | 10-25-23

Markets with Megan: A Quick Financial Markets Update · Oct 25, 2023 · 2m · transcript

Megan Horneman, Chief Investment Officer at Verdence Capital Advisors, discusses the surprising trends in the housing market, particularly new home sales in September. While there's been an increase in new home sales across regions, the median price of new homes has dropped consistently, reaching the worst annual decline since the Great Recession. She discusses the broader impact of these trends on the housing market, existing home sales are virtually non-existent, and mortgage applications are at a historic low since 1995. Megan suggests that the decrease in new home sales might eventually…