New Homes Are SLOWING DOWN… So Why Are Builders Offering CHEAP Rates?

New home sales just fell sharply again as mortgage rates remain elevated... but the headlines are missing some HUGE details. Today’s housing report showed that only a small fraction of the reported inventory is actually completed and move-in ready, while hundreds of thousands of homes are still under construction or haven’t even been started yet. Meanwhile, median new home prices jumped sharply, but that does NOT necessarily mean home prices broadly surged overnight. In this video I break down why new construction pricing is so distorted, how government fees and permits are adding roughly $109,000 to the cost of a new home, and why some homebuilders may still offer some of the best mortgage deals available today through below-market financing incentives. FOLLOW ME to MASTER your mortgage. 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 #MortgageTips #HousingMarket #MortgageRates #RealEstate #NewConstruction