Leah Draffen is an associate editor for Zonda's Builder and Multifamily Executive magazines. She earned a B.A. in journalism and minors in business administration and sociology from Louisiana State University.
Fluctuating mortgage rates are deterring prospective home buyers and sidelining active buyers altogether.
The NAR reports existing-home sales dropped to a seasonally adjusted annual rate of 4 million in January.
For the second month in a row, builder confidence has increased, marking the strongest HMI read since September 2022.
The new model homes by David Weekley Homes, Dream Finders Homes, and Lennar are open or coming soon to the master plan’s latest phase.
A Realtor.com survey reveals that 80% of Gen Zers who moved in with a partner say finances contributed to the decision.