A lot of the big name home builders are offering discounted rates right now
We were considering a move and the only way I would even think of it was to another (a) rent, and plan to do so for at least two year or (2) buy from a bigbuilder to get a bought-down rate.
In the end, the housing market in general was a big reason we are staying where we are.
On the commercial/multi-family/hospitality side, rates are killing us. Most developers care more about materiallrice stability than they do the actual price, and things are finally relatively stable, but with the rates where they are they can't make the jobs pencil.
Until I got into this part of the indhstry (started in municipal work) I had no idea how many apartments and hotels are built on spec and get sold within the first year operation. That means the developer building the job has to figure out his own construction loan I treat rate but also the rate his future buyer might be able to get.
At the end of the day, much like single family homes, the rate affects the price and vice-versa.