The pullback in demand is hitting newly constructed homes, as well. A Monday report from the National Association of Home builders said that 66% of housing construction firms employed sales incentives to attract buyers,the highest percentage in the post-Covid period.
As is always the case with real estate, location matters. More than 30% of the nation’s largest markets have seen prices dip by at least 1% from recent highs,according to an August report by Intercontinental Exchange (ICE).
David Harrison – Chief Editor
David Harrison is an award-winning journalist with over 20 years of newsroom experience. As Chief Editor of World Today News, he is passionate about clear, accurate, and global reporting. David has led editorial teams across major news outlets and brings deep expertise in international affairs and press standards.
