Due to limited home resale inventory and incentives from home builders, the median price of an existing home in the U.S. in Q2 2024 was higher than that of a new home, according to the NAHB/Wells Fargo Cost of Housing Index (CHI). https://lnkd.in/ezYgDJNJ #realestate
The end is here the crash is here and the bubble has burst ask sellers in fla and texas
Wow. What a strange intersection of lack of afforability and low supply - thanks for writing about this National Association of Home Builders.
There is nothing in a new home I would want in my home.
Very helpful!!
Under Construction
2moI imagine that it probably varies by markets ie in some areas, new homes might be more expensive.