Michael Longmore

REALTOR® and Veteran

THE REAL ESTATE BUZZ

New Homes Prices Are Down: Get One While its Good

9/2/2017
Claire Trapasso of Realtor.com, highlights that the median price of a newly built home fell nearly 4.2% from May of 2017, to reach $310,800 in June, according to a joint report by the U.S. Census Bureau and U.S. Department of Housing and Urban Development. Prices were also down almost 3.4% from June 2016.

"It's good news for millennials, first-time buyers, and lower- and middle-income folks," says Joseph Kirchner, senior economist of realtor.com®. "But we have to keep in mind that prices vary over the year."

Source: Realtor.com

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