Forget easing prices, Many of the nation’s largest builders are raising their prices, even as existing-home prices are beginning to moderate.
For example, homebuilder KB Home has had average prices for its new homes soar 23 percent annually. Lennar has raised the average price on its new homes by 16 percent annually in the third quarter, now averaging $291,000. The average price of all existing homes was $258,000, 'The big picture is that new-build house prices fell less than existing house prices during the crash and have risen more during the recovery,' Read more....
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