• May 17, 2023
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  New house builds

  
  

  Costs of building are still high, and some areas are not desirable to own in.

  
  

  New listings down 40% some places over last year. People aren't upsizing. Mortgage rate effect also.
  

  
  

  Detached homes, even luxury homes, are selling quickly, compared with like condos.
  

   

  In a regular housing market, there's no negative amortization like there is now, where the cost doesn't even cover the interest on the mortgage. So it'll be after that plays out that we might see a change (sellers, capitulation).
  
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  <div>New house builds</div><div><br></div><div>Costs of building are still high, and some areas are not desirable to own in.</div><div><br></div><div> </div><div>New listings down 40% some places over last year. People aren't upsizing. Mortgage rate effect also. <br></div><div><br></div><div>Detached homes, even luxury homes, are selling quickly, compared with like condos. <br></div><div> </div><div>In a regular housing market, there's no negative amortization like there is now, where the cost doesn't even cover the interest on the mortgage. So it'll be after that plays out that we might see a change (sellers, capitulation). <br></div>

  New house builds

  
  

  Costs of building are still high, and some areas are not desirable to own in.

  
  

  New listings down 40% some places over last year. People aren't upsizing. Mortgage rate effect also.
  

  
  

  Detached homes, even luxury homes, are selling quickly, compared with like condos.
  

   

  In a regular housing market, there's no negative amortization like there is now, where the cost doesn't even cover the interest on the mortgage. So it'll be after that plays out that we might see a change (sellers, capitulation).
  

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