Homebuilder confidence plunged for a tenth straight month in October as rising interest rates continue to weaken housing demand. Economists warn new construction may be on the brink of a housing crash as homebuilders say they are the edge of a steeper downturn. Homebuilders say 2023 is going to bring an even sharper downturn in the housing market as high mortgage rates scare away buyers. At the same time, homebuilders are offering more and more incentives on new construction with price reductions and seller credits to help sell more homes.
How to Buy a House in 2023 ⏩Watch this NEXT ⏩ https://youtu.be/y7STnAye41o
HOME BUYER RESOURCES:
🏠 – First Time Home Buyer Course – http://www.becominghomewise.com
✅ – Get a Referral to a Mortgage Lender or Realtor – http://www.jebsmith.net/referral
👕 – Merch – https://jebsmith.myspreadshop.com/
📧 – Free Weekly Newsletter – http://www.jebsmith.net/newsletter
🎙- The Educated Home Buyer Podcast – https://anchor.fm/theeducatedhomebuye…
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Jeb Smith (huntington beach Realtor/orange county real estate)
DRE 01407449
Coldwell Banker Realty
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