Knowledge from FactSet reveals present properties and new properties at the moment are promoting for a similar median worth. Ten years in the past, new house costs had been on common $60,000 dearer than present properties. An enormous purpose for that could possibly be a scarcity of housing inventory attributable to potential sellers hanging onto their properties because of decrease rates of interest on their mortgages. Sami Sparber, actual property reporter for Axios, joined CBS Information to speak in regards to the pattern.
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