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Logan Mohtashami: New home sales need lower mortgage rates

HousingWire Daily

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New Home Sales - What's the Bottom Line?

The new home sales data hasn't gone anywhere for many months now. Sales are really historically low right now, back to 1996 levels below their recession in 2000. So we're just kind of stuck here until rates get low enough to where the cancellation rates start to fall and then they go sales again.

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