Buyers Looking to , New Homes and Cheaper , Housing Markets.<br />Despite record mortgage rates, <br />Americans continue to <br />purchase new homes.<br />According to the 'Wall Street Journal' and <br />Realtor.com, the Midwest offers prospective <br />homeowners the most affordable possibilities.<br />The Emerging Housing Markets Index report, released on October 25, says high mortgage rates have kept many homeowners from selling, suppressing the sales market. .<br />However, buyers have instead been looking <br />to find newly constructed homes, creating <br />a situation that benefits builders.<br />It helps that builders can be a little <br />bit more flexible in the terms that <br />they can offer buyers. You know, <br />they can pay points to help lower <br />the mortgage rate that buyers <br />of new constructions are getting, Danielle Hale, Chief economist at Realtor.com, via 'Newsweek'.<br />Builders don't have any <br />emotional skin in the game. <br />They're just trying to price for <br />what will get the deal done, Danielle Hale, Chief economist at Realtor.com, via 'Newsweek'.<br />Data from the Census Bureau and the Department <br />of Housing and Urban Development suggest that sales <br />of new single-family homes surged in September.<br />Sales were up over 12% compared with August, <br />reaching 759,000, which is almost 34% higher than <br />the same time in 2022, exceeding analyst expectations.<br />According to Danielle Hale, <br />chief economist at Realtor.com, the top five <br />of the top 20 markets are in state capitals. .<br />Prospective buyers looking to find affordable homes <br />can also reportedly look to places like Elkhart-Goshen, <br />Indiana, Springfield, Ohio, and Jefferson City, Missouri.<br />Prospective buyers looking to find affordable homes <br />can also reportedly look to places like Elkhart-Goshen, <br />Indiana, Springfield, Ohio, and Jefferson City, Missouri.<br />Prospective buyers looking to find affordable homes <br />can also reportedly look to places like Elkhart-Goshen, <br />Indiana, Springfield, Ohio, and Jefferson City, Missouri
