From a recent article in Smart Money looks like the trend is shifting up for new home purchases.
Here’s a snippet from the article.
“For buyers on the sidelines, it’s unclear whether waiting will result in finding better deals on new homes. Inventory is at a historic low, says Crowe. And despite the deals available in some areas, on a national level, new home prices are rising: the median sales price of new house sold in October was $212,300, up 4% from a year ago. That’s in part because of growing interest from so-called move up buyers, people who buy a more expensive home after selling their current one, says Crowe.”