✉news BusinessReal Estate first seen 6 h ago, last 56 min ago, peak #19
New homes cost less than resales in many US markets
Original: New homes still cost less than resales in many U.S. markets
An analysis by HousingWire reports that newly built homes remain cheaper than existing homes across many U.S. markets, a reversal of the historical norm. Builders have been offering incentives and cutting prices to attract buyers deterred by high mortgage rates, while resale inventory stays tight. The finding is drawing attention from buyers weighing whether new construction now offers better value than existing homes.
Why now: High mortgage rates and shifting prices are making homebuyers reevaluate whether new construction is a better deal than resales.
HousingWireUS housing markethomebuilders
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