Logan Mohtashami: New home sales need lower mortgage rates
HousingWire Daily
00:00
Introduction
Logan Motoshami: The new home sales sector is commonly misunderstood. He says it's a very small commodity business of just selling a product. A builder has to sell a product and move on they do not like having completed orders sitting on the books right because then your contracts buyers go hey wait, everyone's canceling I want to deal or, you know, so they're discounting by giving incentives.
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Transcript
