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LENNAR DEBUTS PEARL ESTATES IN LUTZ, FLORIDA, OFFERING LUXURY NEW HOME LIVING WITH AN EXCEPTIONAL METRO TAMPA LOCATION
U.S. New Home Sales Edge Down as Prices Reach New Highs
Daily summary of real estate industry news (2024-07-24)
It was reported that some banks in Shanghai have started to lower their mortgage interest rates. The interest rate for the first home loan has been reduced to 3.4%, and the interest rate for the second home loan is as low as 3.6%. "The latest mortgage interest rates have started to be implemented now. The first home loan interest rate is 3.4%; As for the second home loan, the mortgage rate in the urban area is 3.8%, and the mortgage rate in the Free Trade Zone Lingang New Area, Jiading, Qingpu, Songjiang, Fengxian, Baoshan, and Jinshan districts is 3.6%."
USA's housing prices have repeatedly reached new highs, while the supply of low-end markets has increased, forming a buyer's market.
According to the data from the National Association of Realtors in the USA, second-hand house sales in June decreased by 5.4% compared to May, and the seasonally adjusted annualized sales volume was 3.89 million units.
Anticipation of a rate cut is fermenting in advance, and the US real estate sector is emerging strongly! Which stock takes the lead?
Analysts believe that as the market becomes increasingly confident that the Fed will soon lower interest rates, the stock prices of home builders are gradually rising. Cheaper financing costs will benefit builders' profit margins and attract more buyers to participate.
Why This Lennar Analyst Is No Longer Bullish Despite Potential Rate Cut Benefits
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