Mmastodon BusinessFinance first seen 1 d ago, last 1 h ago, peak #4
Home Sellers Cut Prices, Raising Pressure on Homebuilders
Original: Home Sellers Are Starting to Blink on Prices. That's Bad for Builders. https://www.wsj.com/economy/housing/homhome-price
The Wall Street Journal reports that US home sellers are beginning to lower their asking prices as high mortgage rates cool buyer demand. The article argues that price cuts by existing homeowners create fresh competition for homebuilders, who have leaned on new-construction incentives and could face weaker sales and margin pressure if resale prices keep sliding.
Why now: Falling seller prices signal a cooling housing market, raising concerns about homebuilder profits and the broader economy.
Wall Street JournalUS housing markethomebuilders
Rank over time, top of the chart is #1. 8 snapshots from 10 h ago to 1 h ago.
Evidence
- Home Sellers Are Starting to Blink on Prices. That's Bad for Builders. https://www.wsj.com/economy/housing/homhome-prices-sellers-mortgage-ratese-sellers-are-starting-to-blink-on-prices-thats-bad-for-builders-9512512f?mod=rss_markets_main # Finance # RealEstate # Economy · wsj_markets@robot.villas · 2
API: https://socialmediatrends-api.osmike.com/v1/trends/1848255