Home buyers are focusing more on New Homes as Price gap narrows between New Homes Vs Existing Homes

Home buyers are turning to new home construction because home builders are typically more flexible with pricing. Homebuilders offer buyers incentives such as rate buy-downs and price cuts. Some Homebuilders can even pay for buyers closing costs.
While new homes are still sold for slightly more than existing homes, the price gap has significantly narrowed since the fall.
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