https://eyeonhousing.org/2022/05/existing-home-sales-fall-to-near-two-year-low/ National Association of Home Builders Discusses Economics and Housing Policy Thu, 30 May 2024 18:12:24 +0000 hourly 1 https://eyeonhousing.org/2022/05/existing-home-sales-fall-to-near-two-year-low/#comment-1944847 Thu, 19 May 2022 16:00:31 +0000 https://eyeonhousing.org/?p=31853#comment-1944847 Unfortunately. interest rates will continue to rise as the FED plays catch up and this will further erode sales as Inventory will continue to build. This will undoubtedly result in declining home values and equity as the past has proven. Builders should now be totally focused on preventing losses in their sales backlog as many may no longer qualify for their mortgsge and some will fjnd their purchase is no longer the bargain they knce though it was. I suggest a thorough review of the sales backlog to identify those who have not locked a rate in or whose rate lock may expire before construction is completed..

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