Bright Prospects for Builders Amid Shifting Home Sales
In September 2024, existing-home sales declined year-over-year in the South, Midwest and Northeast — the West saw some modest growth. As reported by the National Association of Realtors, even though overall sales have been holding steady at around four million units for the past year, NAR Chief Economist Lawrence Yun points to merging positive trends including increased inventory, lower mortgage rates, and steady job growth — all factors that could encourage future sales.
