New home sales plummet more than expected as high mortgage rates sink demand - Virgin Islands News

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12:18 am, Jun 26, 2025

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St. Croix, St. Thomas, St. John

New home sales plummet more than expected as high mortgage rates sink demand

June 25, 2025
radmin

The inventory of unsold homes on the market increased to 507,000 units, the highest level since late 2007, from 500,000 in April.

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