✉news BusinessReal Estate first seen 1 d ago, last 16 h ago, peak #19
New homes cheaper than resales across many US markets
Original: New homes still cost less than resales in many U.S. markets
Builders in many U.S. markets are pricing new homes below comparable resale properties, according to HousingWire. The reversal reflects incentives, rate buydowns and completed inventory that builders are pushing to move, while existing homeowners remain reluctant to sell. Buyers shopping for a home may find better value and fresh construction on the new-build side than in the resale market in much of the country.
Why now: Falling mortgage rates and builder incentives are reshaping buyer choices between new and existing homes.
US housing marketHousingWirehomebuilders
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/405978