Data from FactSet shows existing properties and new properties are actually promoting for the identical median tag. Ten years in the past, new dwelling costs were on moderate $60,000 extra costly than existing properties. A mountainous motive of that can moreover unbiased be an absence of housing stock because of capacity sellers inserting onto their properties thanks to decrease curiosity rates on their mortgages. Sami Sparber, real estate reporter for Axios, joined CBS Data to chat in regards to the pattern.
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