How builders are responding to a challenging housing market

Name: How builders are responding to a challenging housing market
Uploaded: 2024-06-24T16:32:00-0500
Duration: 2 min 34 s
Description: In the Twin Cities, new home listings are down, pending sales have fallen and mortgage rates are measurably higher than they were a year ago. Home prices are increasing faster than incomes, making it tougher than ever for first-time homebuyers to make a purchase. Derek James has more on the challenging market and how builders are responding.

In the Twin Cities, new home listings are down, pending sales have fallen and mortgage rates are measurably higher than they were a year ago. Home prices are increasing faster than incomes, making it tougher than ever for first-time homebuyers to make a purchase. Derek James has more on the challenging market and how builders are responding.