The building industry experts at Zonda have published their latest New Home Market Update. According to Zonda, new-home market conditions improved modestly in September, with sales up 0.3% month-over-month and 7.5% year-over-year. Lower mortgage rates played a key role, though rates have since increased. Despite this, Zonda’s chief economist, Ali Wolf, maintains that mortgage rates are more likely to decline than rise by 2025, offering a positive outlook for both investors and homebuyers. This trend positions the market favorably for those looking to capitalize on future opportunities.
Source: Wolf, A. (October 22, 2024). A Goldilocks New-Home Market in September, Conditions Improve Moderately.
