Why Old Homes Are Suddenly More Expensive Than New Homes

Transcript

Today on Forbes, here's why old homes suddenly cost more than new ones. Something bizarre is happening in the US housing market. At the national level, new homes are selling for less than existing ones. In June, the median existing home sold for $441,500, while the median new home went for $41,800. Since 1968, 690 months in total, new homes have on... Read More