Sales of new homes was down both MoM and YoY. This was in light of highest inventory level since 2008. Is this a sign of things to come?
In this video I discuss how the decline in new home sales comes on the heels of many people in the mortgage industry being laid off. This is two pillars in real estate that are not faring great, at least for the moment. We have not even seen the economic headwinds that are expected.
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