It’s been a challenging stretch for new-home buyers lately. Mortgage applications for newly built homes have dipped for the fifth month in a row, falling 6% from last month and 5.5% compared to a year ago. Even with builder incentives in play, high mortgage rates and prices are making it tough for many to move forward. FHA loans made up 35% of applications, and the overall pace of new home sales is down 9% from last year.
As someone who’s helped clients across Northern Utah navigate all kinds of markets since 2005, I know these numbers can feel daunting—especially if you’re weighing whether now is the right time to buy or sell. My approach is always to help you understand what’s happening locally, consider your options, and make decisions with clarity and confidence. If you’re curious how these trends might impact your next move—whether you’re exploring new construction or looking at existing homes—I’m here to help you make sense of it all, every step of the way.
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