US New Home Sales Crash -14% YoY In December As Median Price Slows To +3.4% YoY (Mortgage Applications Decline As Mortgage Rates Increase)
by confoundedinterest17 US new home sales spiked in December by 11.9% from November, but were down 14% year-over-year. But the median price of new home sales (YoY) declined to 3.4%. The Midwest saw a surge in new home sales (+56%). The MBA’s mortgage applications index shows declining purchase applications (-1.83%) and declining refinancing applications (-12.60%) … Read more