Homebuilder sentiment is on the rise for the first time in over a year as mortgage interest rates noticeably dropped in early 2023. Mortgage interest rates are somewhat tied to 10-year Treasury yields, which have fallen with decreasing inflation rates.
Just because sentiment is up nationally doesn’t mean it’s equal across all markets. It’s important for real estate investors to take note of regional trends.
Read more on:
https://www.forbes.com/sites/qai/2023/01/26/homebuilder-sentiment-is-looking-up-at-last---heres-why-the-real-estate-market-is-getting-more-optimistic/?sh=5fe767b047b2