Tag Archives: home affordability

Newly Built Home Prices Hit a 5-Year Low

The median sale price of newly built homes has decreased to approximately $390,000, the lowest since 2021. Builders are offering various incentives to attract buyers, including closing cost assistance and upgrades. Unlike in 2008, this price drop reflects strategic inventory management, making it an advantageous time for homebuyers.

3 Reasons Affordability is Showing Signs of Improvement this Fall

For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waiting forContinue reading “3 Reasons Affordability is Showing Signs of Improvement this Fall”