Homebuyer traffic in the United States has dropped to levels last recorded after the 2008 housing crash, with mortgage rates around 7.4% forcing builders to choose between selling at a loss and holding stock. Investors are losing patience with the sector.
US Homebuyer Traffic Falls to Post-Crash Lows as Mortgage Rates Near 7.4%
Homebuyer traffic in the United States has dropped to levels last recorded after the 2008 housing crash, with mortgage rates around 7.4% forcing builders to choose between selling at a loss and holding stock. Investors are losing patience with the sector.
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