US new-home construction unexpectedly fell in November. Inventory now stands at the highest level in nearly 17 years. High borrowing costs have constrained demand for the sector, even as the Fed is expected to lower their benchmark rate for a fourth straight time this afternoon. Bess Freedman, CEO of luxury real estate brokerage, Brown Harris Stevens. (Source: Bloomberg)
Brown Harris Stevens CEO on the Housing Market in 2025
Estimated read time
1 min read
You May Also Like
Bitcoin Momentum Ebbs Heading Into Last Stretch of Record Year
December 24, 2024
UK launches review of targets for sales of electric vehicles
December 24, 2024
China’s Wild Markets Send HK Derivatives to Third Record Year
December 24, 2024
+ There are no comments
Add yours