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147 days

Home buyers could see more deals on new homes as builders worry about a pullback - MarketWatch

1. New home sales rose 1.8% in February, annualized at 676,000 homes. 2. Economists caution against optimism, citing volatility and potential declines in sales. 3. Builders like Lennar are enhancing incentives amid buyer uncertainties and job market worries. 4. Median sale prices decreased, with significant price reductions reported by home builders. 5. Monitoring job security is critical as buyers express affordability concerns.

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FAQ

Why Bearish?

Increasing incentives and price cuts suggest declining demand, reminiscent of previous downturns like 2008.

How important is it?

The article highlights significant market dynamics directly impacting Lennar's sales strategies.

Why Short Term?

Immediate buyer concerns can lead to quick shifts, but broader economic factors will shape long-term trends.

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