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New Home Sales Surge in March: Lower Prices & Mortgage Rates

New Home Sales Surge in March: Lower Prices & Mortgage Rates

New Home Sales Surge in March: Lower Prices & Mortgage Rates

New home sales surged in March, reaching a peak since September 2024, driven by lower prices and mortgage rates. Sales increased 7.4% from February and 6% year-over-year, with cheaper homes fueling the market.