New home sales in the US dropped in November as mortgage rates slowly retreated from their highest levels this year. Sales were up just 1.4% from a year ago. Affordability challenges, particularly with high mortgage rates, likely kept buyers on the sidelines. Typical mortgage rates reached their highest levels in 23 years – hitting 7.79% for a 30-year, fixed-rate loan – and have been coming down since. Check out these charts to see where home sales are trending in Nebraska.
Source: Daily Sun December 25, 2023 00:34 UTC