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Housing Expert Says Downturn is Temporary

By 02.21.23 February 28th, 2023 Market Watch, In the News

Brian Gordon, a principal at Applied Analytics, eases concern of homebuilders looking to construct despite the current downturn. According to Las Vegas-based Home Builders Research, in 2022, new home net sales—sales minus cancellations—fell by 33% while the median new-home price increased by 17%. Gordon also mentioned that with the increasing population growth, mortgage rates will decline, which will only help sales. 

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