Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round num
Price gap between new and existing homes narrowing, some experts find
Existing homes tend to be cheaper than newly built homes, giving the former an advantage in sales in recent months. But some experts say the price gap is narrowing.
The Wall Street Journal's Kris Hudson reports that the price gap between existing and new homes has averaged 36.5 percent over the past two years. But because new construction lately has been targeted to upper tier buyers, economists speculate that many more potential buyers look to purchase existing homes instead. A few experts and builders point to emerging factors that may slow down new-home price gains, which in turn would narrow the price difference between existing and new homes.
Read about these factors in this Wall Street Journal blog post.