Similar Stories to Us New Home Sales Rise Despite Higher Mortgage Rates on Bing News

Healthy job growth and a recovering economy have pushed up interest in new homes, while the prospect of rising mortgage rates since the November presidential election may have pulled some sales forward. "Sales were likely boosted by the much warmer-than-usual weather last month, which made visiting new-home construction sites less miserable than usual in February," said Ian Shepherdson, chief economist at Pantheon Macroeconomics. Construction firms are bullish that sales will keep improving, even though they remain well below the heights of the housing boom seen more than a decade ago.

BING NEWS:
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    NAR Chief Economist Lawrence Yun said he expects interest rates to fall in the long term, and that home sales will rise this year and continue to increase next year.
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    "Higher rates and lower inventory levels suggest home prices will hold steady with minimal movement in either direction," says Saburi. "Until we see a big drop in rates — 150 basis points or more — or ...
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