New home sales missed estimates today but had three months of positive revisions, which continues the story of the builders managing the higher mortgage rate environment. But they still only have ...
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Newly built homes are cheaper than previously owned homes as builders ramp up price cuts
As home builders aggressively slash prices to boost sales, prices of newly built homes are coming down. The median sales price of a new home in June was $401,800, which was about 5% lower than in May.
In sad news for romantics, the economics of buying a charming old home and fixing it up look terrible at the moment. If it is ...
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