Mortgage-Rate Buydowns by Homebuilders Are Now All the Rage to Prop Up Sales

Wolf Street, Sept. 10, 2023–Wolf Richter
Homebuilders don’t have the luxury of outwaiting the market, or waiting for the Fed to slash rates, or whatever, they must build and sell homes, that’s their business, no matter what the conditions in the market.
https://wolfstreet.com/2023/09/10/mortgage-rate-buydowns-by-homebuilders-are-now-all-the-rage-to-prop-up-sales-lowering-effective-house-prices-in-a-big-way-but-dont-get-picked-up-by-house-price-data/