✉news BusinessReal Estate first seen 5 h ago, last 1 h ago, peak #19
New homes still cheaper than resales in many US markets
Original: New homes still cost less than resales in many U.S. markets
New homes are still priced below existing homes in many U.S. markets, according to a report by HousingWire. The reversal of the typical price gap between new and resale housing is being noted amid elevated mortgage rates and builder incentives, which have pushed builders to discount or buy down rates while existing-home inventory remains tight and resale prices stay high.
Why now: Unusual price dynamics in the housing market, driven by builder incentives and high mortgage rates, are drawing attention from buyers and industry watchers.
Rank over time, top of the chart is #1. 4 snapshots from 5 h ago to 1 h ago.
Evidence
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