New home prices have collapsed by 20% from peak. 📉
— Nick Gerli (@nickgerli1) March 25, 2024
With the median sale price of a new house dropping from $497k in mid-2022 to barely over $400k today.
Much faster decline than what occurred in 2008.
In case you still think "there is no housing downturn". pic.twitter.com/5y9Nm6MaMH
Tuesday, March 26, 2024
New home prices have collapsed by 20% from peak. 📉 With the median sale price of a new house dropping from $497k in mid-2022 to barely over $400k today. Much faster decline than what occurred in 2008.
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