Why did new home sales drop?

Nationally new home sales dropped nationally. The recent rate hike has put many buyers on the sidelines.

12 News Zillow story: https://www.youtube.com/watch?v=Usjc8WtwQG4

Calculated Risk Blog: https://www.calculatedriskblog.com/

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See current listings by city below.
✔Chandler https://myre.io/04M1CloFFQDXw
✔Gilbert https://myre.io/0ePeR9bgdcIvF
✔Mesa https://myre.io/0jXwRlxSKVPG4
✔Tempe https://myre.io/02vllt0tkRcFq
✔Queen Creek https://myre.io/0klcnTPUX6zpc
✔Phoenix https://myre.io/0klcnTPUX6zpc
✔Scottsdale https://myre.io/0OznOYnJ23CtG
✔Paradise valley https://myre.io/0jTnK5eC99FOy
✔Cave Creek https://myre.io/0hZgtWSDf6liI
✔Glendale https://myre.io/0hZgtWSDf6liI
✔Surprise https://myre.io/09jCduwYs8bIZ
✔Peoria https://myre.io/09jCduwYs8bIZ
✔Anthem https://myre.io/0Ttdl2emXBLW2
✔Goodyear https://myre.io/0lQj06HiSvxG1

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Rick McHone
Realtor with EXP Realty
http://www.Rickhelps.com

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Learn about EXP Realty
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Check out Chandler
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