Housing: New Vs. Existing Home Prices

January 07, 2015

The better bargain for homebuyers may be purchasing existing homes in need of a little TLC over buying new homes. Newly constructed homes are significantly more costly than existing homes. The price gap has grown from 15 to 20 percent to, 30 to 40 percent. In November alone there was a 335 percent gap between prices.
Read more NAR.

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