New homes crashing but resale homes strong!!

Dated: September 20 2022

Views: 15

40% of homes owned free and clear -- no mortgage.

25 percent of homes refinanced the mortgage at 3% or below.

New homes sales are crashing. Resale homes sales remain VERY strong.

Blog author image

Andrew Norton

Example of Andy's sense of humor, click HERECheck out a few of Andy's other websites:Real estate and the environment - daily GREEN newsDaily retirement newsOver 55 Active Adult properties in Northern ....

Latest Blog Posts

New homes crashing but resale homes strong!!

40% of homes owned free and clear -- no mortgage.25 percent of homes refinanced the mortgage at 3% or below.New homes sales are crashing. Resale homes sales remain VERY.

Read More

Mortgage rates going MUCH higher !

If you think rates are high now, you have not seen anything yet. But, the problem with waiting is 1) renting is throwing your money away, and 2) prices are going up!

Read More

Rent rising and homes rising making people homeless :(

It  is not just home prices that are the problem. Rising rents can mean more people living on the streets.;

Read More

Housing stats, July 2022, Fairfax County, VA, detached homes

The sky is not falling. July 2022, detached homes, average sale price is 100% of asking!

Read More