One-third of single-family homes for sale are newly built, report finds. Here's what buyers need to know
Publishing timestamp: 2024-05-20 16:11:53
Summary
The percentage of newly built single-family homes available for sale has almost doubled from pre-pandemic levels. Builders are offering incentives like rate buy-downs and price cuts to promote sales. The median price for new houses sold in the U.S. has narrowed compared to existing homes. Buyers should consider smaller houses, geographic location, keeping construction costs down, and being mindful of future costs when looking at newly built homes.
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Keywords: zillow group inc, housing, real estate, personal finance, united states, business news, redfin corp,
Source: https://www.cnbc.com/2024/05/20/what-buyers-need-to-consider-with-a-newly-built-house.html