New Homes Sit On Market For 9.3 Months As Builders Slash Prices

America’s largest homebuilders are leaning more heavily on price adjustments and buyer incentives as affordability challenges continue to weigh on housing demand, while one of the nation’s largest mortgage lenders suffered a steep stock decline after reporting a quarterly loss. Lennar Corporation reported that its average sales price for homes delivered fell to $371,000 in […]
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