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Homebuilders

Some homebuilders are dropping prices as mortgage rates rise, economist says

by Amy Scott , Richard Cunningham and Sean McHenry
Jul 14, 2022
People "desperately want to purchase," but are stepping out of the difficult market, says Ali Wolf, chief economist at Zonda.
"It's a very tricky thing because the builders are trying to drum up demand, while also trying to keep their buyers in backlog — those that have already signed a contract — happy," says Ali Wolf, chief economist at Zonda.
Chris Delmas/AFP via Getty Images
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