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Finance

Prices of New Houses v. Existing Houses: Why New-House Sales Held Up as Existing-House Sales Plunged

April 23, 2024 Mariel Alumit

Here’s why: New house prices -18% from peak, back to Nov 2021, further sweetened by mortgage-rate buydowns. By Wolf Richter for WOLF STREET. The median-price of new single-family houses at all stages of construction that were sold in […]

Prices of New Houses v. Existing Houses
Finance

Prices of New Houses -19% from Peak, Lowest since June 2021. Why Sales of New Houses Held Up, while Sales of Existing Houses Plunged

March 25, 2024 Stu Turley

Prices of New Houses v. Existing Houses: Price cuts and mortgage-rate buydowns make new houses more attractive. By Wolf Richter for WOLF STREET. The median price of new single-family houses that were sold in February fell to $400,500, the […]

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