REALTOR® Power Hour

564 Sunnybrook Road,Ridgeland MS 39157

03 April, 2023

Description

The National Association of Home Builders is warning that the new-home market is in a “housing recession”—but says that brighter days are on the horizon. And a turnaround could come sooner than expected given recent uplifting economic data. Until then, though, builders are increasingly turning to incentives—including mortgage rate buydowns and, in some cases, price drops—to bring home buyers back to the market. Learn more about the local new construction market with Pat Nelson, EVP of Home Builders Association of Mississippi. Source: REALTOR® Magazine "Builders Prep for More Pain But See Progress in Future" - February 2, 2023