Mmastodon BusinessFinance first seen 1 d ago, last 50 min ago, peak #5
Home Sellers Cutting Prices Signals Trouble for Builders
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 home sellers in the United States are beginning to reduce their asking prices as high mortgage rates weigh on the housing market. Falling seller prices are a warning sign for homebuilders, who may be forced to compete with cheaper existing homes, squeezing margins and slowing new construction.
Why now: High mortgage rates are cooling the US housing market, raising concerns about home prices and builder profitability.
Wall Street JournalUS housing markethomebuilders
Rank over time, top of the chart is #1. 4 snapshots from 4 h ago to 50 min 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