Builders Are Cutting Prices, but 7% Mortgages Keep Buyers Away

Daily Economic Freedom Briefing

If you are buying, selling, or renting a home, today’s builder survey says the U.S. market has stalled: Homebuilder confidence fell to 29, the lowest since June 2012, and 43% of builders cut prices this month. In Europe, France’s weekend riots raised what Paris pays to borrow, which feeds into French loan rates and leaves…

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