#new-home-prices

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Real estate
fromFast Company
2 weeks ago

Homebuilder Lennar's average home price is down 21% from the pandemic housing market boom peak

Lennar's reported decline in average selling price is primarily driven by aggressive incentives—mainly mortgage-rate buydowns—rather than equivalent reductions in pre-incentive home prices.
fromwww.housingwire.com
1 month ago

New home price premium hits record low

Monthly payments for new and existing homes are now nearly equal, amid a trend of stagnating prices and increased use of mortgage buydowns among builders. That was one of the main findings from Realtor.com's Q3 New Construction Report. According to the report, buyers purchasing a new home last quarter had an average mortgage payment only about $30 more per month than those buying an existing home with less money down.
Real estate
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