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House Market's Hot-Cold Fever Leaves Everyone Sweating

Reading time: 2 min • Apr 29, 2025, 03:46 PM (UTC)

Key Points

  • New home sales rose 7.4% in March, but mortgage rates increa...

Ever feel like your bank account is playing hard to get? Well, the housing market just joined that exclusive club, serving up a spicy cocktail of mixed signals that's giving both buyers and builders financial heartburn.

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New home sales shot up 7.4% in March, hitting a groovy 724,000 units annually - the highest since September 2024. Buyers were doing the happy dance when mortgage rates teased them with a brief dip to 6.65%. But just like that last slice of pizza you thought was yours, the good times didn't last. Rates bounced back up to 6.83%, leaving ...

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