Latest / Mortgage Research Network Podcast
New Homes < Used? The Price Flip Explained
For the first time in modern real estate, new construction is often cheaper than existing homes—in some markets by a wide margin. In this episode, Tim Lucas and Craig Berry unpack why the pricing script flipped and how to decide if a new build is the smarter buy. You’ll learn:The Price Flip: Nationwide, new homes are selling for about $2 less per sq. ft. than existing homes; savings near $57/sq. ft. in San Diego—but premiums still exist (e.g., $216/sq. ft. in San Jose, $0.86 in Louisville).Incentives Galore: With 26% of new homes seeing price cuts and 61% of builders offering incentives (rate…
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