Sharply Lower Prices Help Sell New Houses, But it’s Not Enough
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Inventory continues to surge. Potential buyers move on. Here is the good news: Lower prices stir sales. Clearly, homebuilders are motivated to move their inventory, and they’re making deals at lower prices. The median price of new single-family houses whose sales closed in December fell 7.2% from a year earlier, to … Read more