Builders panic as homes sit empty—slashing prices 18% and offering $25K incentives. The housing bubble might be bursting again. History repeats itself.

Homebuilders slashing prices 15% nationwide as unsold inventory soars 23.7%.

Some markets see cuts up to 18% while mortgage rates hit 8.3%.

Is this 2008 all over again?

Developers are implementing mortgage rate buydowns and offering cash incentives up to $25,000 to attract hesitant buyers.

The current home affordability crisis is evident as homes now cost 6.3 times the median household income, a significant jump from pre-pandemic levels.

Conclusion

Builders slashing prices in panic mode as unsold homes accumulate, flipping yesterday’s housing shortage into today’s buyer’s playground. Market reversal signals deeper economic tremors ahead.

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