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Be Wealthy & Smart

New Home and Mortgage Demand Drops

Be Wealthy & Smart

Linda P. Jones

Finance, News, Invest, Investing, Economy, Money, Financial, Business News, Business

4.8883 Ratings

🗓️ 20 June 2025

⏱️ 6 minutes

🧾️ Download transcript

Summary

Discover why new home and mortgage demand dropped.

Are you investing well for financial freedom...or not?

Financial freedom is a combination of money, compounding and time (my McT Formula). How well you invest, makes a huge difference to your financial future and lifestyle.

If you only knew where to invest for the long-term, what a difference it would make, because the difference between investing $100k and earning 5 percent or 10 percent on your money over 30 years, is the difference between it growing to $432,194 or $1,744,940, an increase of over $1.3 million dollars.

Your compounding rate, and how well you invest, matters! 

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Be Wealthy & Smart,™ is a personal finance show with self-made millionaire Linda P. Jones, America’s Wealth Mentor.™ Learn simple steps that make a big difference to your financial freedom. 

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Transcript

Click on a timestamp to play from that location

0:00.0

Be Wealthy and Smart, episode 1522.

0:03.7

I'm going to live the rich life, full than best life, yes, life.

0:11.0

So if y'all know what I mean, put your hands up and declare with me, yeah, I'm full of

0:15.8

bad.

0:17.6

I'm going to live a good life, beautiful and glorious life. step into a world.

0:23.6

Step into a world of wealth and financial freedom without budgets, boredom or bosses on Be Wealthy and Smart.

0:33.6

And now, here's your host, Linda P. Jones. Welcome to Be Wealthy and Smart. I'm Linda P. Jones,

0:41.1

America's wealth mentor, empowering women and men worldwide to financial freedom. On today's show,

0:46.0

we're going to talk about new home and mortgage demand dropping. We've seen home builder sentiment

0:51.9

nearing the lowest level since the pandemic as uncertainty

0:55.5

plagues consumers. Buddy Hughes, NAHB chairman and a home builder from Lexington, North Carolina,

1:01.9

said, buyers are increasingly moving to the sidelines due to elevated mortgage rates and

1:06.8

tariff and economic uncertainty. To help address affordability concerns and bring hesitant buyers

1:11.9

off the fence, a growing number of builders are moving to cut prices. In a June survey, 37% of builders

1:18.2

said they had cut prices, the highest share since NAHB started tracking the monthly metric three years ago.

1:24.5

That's up from 34% who reported cutting prices in May and 29% in April.

1:29.9

The average price reduction was 5%, which has been steady since last year. Robert Dietz,

1:35.3

chief economist at the NIHB, said, rising inventory levels and prospective homebuyers, who are on

1:41.1

hold waiting for affordability conditions to improve are resulting in

1:44.9

weakening price growth in most markets and generating price declines for resales in a growing

1:49.8

number of markets. Given current market conditions, NHB is forecasting a decline in single-family starts

1:56.6

for 2025. So home builders are having a rough time and a lot of that is due to mortgage rates.

...

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