New-Home Prices Fall to Lowest Level in 3 Years as Builders Appeal To Buyers Amid High Mortgage Rates

The price of newly built homes plunged last month as homebuilders sought ways to attract buyers who are feeling the pinch of higher mortgage rates. The median sales price of a newly constructed home dropped 7.6% year over year, to $400,500 in February, according to a report on Monday from the U.S. Census Bureau and
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