Why Homebuilders Are Hitting Pause

Heads up if you’re house hunting: mortgage rates are stuck near 7%, and even the pros are waving red flags. Builders are backing off—delaying projects and slashing prices—because buyers just aren’t biting. If you’re waiting for a price drop, you might finally get your wish, but don’t expect a flood of new homes. The takeaway? The housing market is cooling fast, so it could be a good time to negotiate, but brace for fewer choices. #RealEstate #HousingMarket #RealEstateTips