Why New Homes Are More Popular With Buyers Than Existing Homes Recently | NYGazet

Sales of new homes have soared as buyers have taken advantage of a decline in mortgage rates and more builders offering incentives.

New homes are now more popular than existing homes, due largely to builder incentives and plentiful inventory, new data released this week showed. Sales of newly-constructed homes in August came in at an annual rate of 800,000, a 20% increase from Ju... [1963 chars]