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Real Estate

New home prices continue to rise

The gap in prices between newly built homes and existing homes has always been wide, but the hole is getting much deeper. Per CNBC:  

"The big picture is that new-build house prices fell by less than existing house prices during the crash and have risen by more during the recovery," noted Paul Diggle at Capital Economics. He said builders will now have to slow their price growth faster than existing home sellers.

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3d rendering of a row of luxury townhouses along a street

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