The brightest spot in the housing market is fading fast - MarketWatch
1. New-home sales dropped 10.5% in January, the lowest since October 2024. 2. Severe winter weather contributed to buyers avoiding property viewings. 3. High home prices and mortgage rates deterred potential buyers. 4. Builders face pessimism regarding future sales due to high inventory levels. 5. Existing home inventory increased 17%, impacting new construction demand.