Huge Drop in New Home Sales Happening Now?

🏠 Headlines say new home sales “plunged,” but the full housing data tells a more balanced story. January sales were affected by severe winter weather and higher mortgage rates, yet the three-month average of new home sales has barely changed. In today’s housing market, mortgage rates remain the biggest driver of buyer demand. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate