US New Home Sales Remain Sluggish Despite Builder Incentives
US new home sales edged up 0.6% in June, but fell short of economist expectations, according to Bloomberg. Builders offered aggressive discounts to combat high prices and borrowing costs. The median price of new homes dipped 3% year-over-year, but remains 23% higher than pre-pandemic levels. This has left many buyers priced out, despite mortgage rates … Read more