New-Home Sales Stall: Rising Rates to Blame?
August 31st, 2013
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"The drop-off in sales in July is in part a reflection of buyers' reaction to the recent uptick in mortgage rates as people reassess their budgets to determine how much house they can afford," says Rick Judson, chairman of the National Association of Home Builders. "Consumers just need a little time to adjust to the new parameters of the market."
Get the full scoop from REALTOR®Mag here.
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Disclaimer : The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the Houston Association of REALTORS®
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