{"id":13542,"date":"2018-05-29T13:20:12","date_gmt":"2018-05-29T13:20:12","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13542"},"modified":"2018-05-29T13:20:12","modified_gmt":"2018-05-29T13:20:12","slug":"are-there-new-homes-on-sale","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/are-there-new-homes-on-sale\/","title":{"rendered":"Are There New Homes on Sale?"},"content":{"rendered":"

Are There New Homes on Sale?<\/h1>\n
\"Are<\/a>

Are There New Homes on Sale?<\/p><\/div>\n

Home buyers who seek something brand new may be able to score a deal. Although real estate prices have been on the rise generally, there are exceptions. The cost of buying new-construction\u00a0has fallen to its lowest point in the last 12 months, realtor.com\u00ae reports.<\/p>\n

The median price of a new home fell nearly 6.9 percent from March to April, reaching $312,400, the Commerce Department reported this week. The price is up just 0.4 percent from a year ago.<\/p>\n

\u201cThis could be a sign that builders are trying to build at lower price points,\u201d\u00a0says Danielle Hale, realtor.com\u00ae\u2019s chief economist. That would be welcome news to first-time buyers and home shoppers who are on a tight budget. \u201cThe largest share of home buyers and home shoppers in the market are looking to buy entry-level homes,\u201d she adds.<\/p>\n

Five percent of new-home sales were for properties priced under $150,000 in April, which is the largest share since August 2016, Hale notes.<\/p>\n

The prices may be coming down a bit, but the cost of a new home is still more than purchasing an existing home. New homes remain about 24.8 percent more expensive than the $250,400 median cost of an existing home, according to the National Association of REALTORS\u00ae.<\/p>\n

Plus, buyers may be hard-pressed to find enough choices in the new-home sector.<\/p>\n

\u201cThe absolute level of [new-home] sales remains quite low compared to current demand levels and the overall population. But you can\u2019t sell what hasn\u2019t been built,\u201d\u00a0said Freddie Mac\u2019s Len Kiefer in a statement. \u201cAs long as single-family home construction remains at a low level, so too will new home sales.\u201d<\/p>\n

Source: \u201cGet One While You Can: New-Home Prices Have Fallen to a 12-Month Low<\/a>,\u201d realtor.com\u00ae (May 23, 2018)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Are There New Homes on Sale? Home buyers who seek something brand new may be able to score a deal. Although real estate prices have been on the rise generally, there are exceptions. The cost of buying new-construction\u00a0has fallen to its lowest point in the last 12 months, realtor.com\u00ae reports. The median price of a … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-13542","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nAre There New Homes on Sale? - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/are-there-new-homes-on-sale\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-there-new-homes-on-sale\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-there-new-homes-on-sale\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Are There New Homes on Sale?\",\"datePublished\":\"2018-05-29T13:20:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-there-new-homes-on-sale\\\/\"},\"wordCount\":311,\"publisher\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-there-new-homes-on-sale\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/05\\\/05292018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-there-new-homes-on-sale\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/are-there-new-homes-on-sale\\\/\",\"name\":\"Are There New Homes on Sale? 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