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New home prices fell below existing home prices for the first time in 54 years due to high rates and builder discounts, signaling weaker demand and potential market instability.
For the first time in over 54 years, new home prices have fallen below those of existing homes, a reversal driven by high mortgage rates, increased new construction inventory, and aggressive discounts from builders.
This shift signals weakening demand for new homes and raises concerns about broader housing market instability, despite potential short-term benefits for buyers.
Analysts warn the trend may reflect deeper economic challenges, including affordability issues and slowing construction activity, with policymakers monitoring the situation closely.
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Los precios de las viviendas nuevas cayeron por debajo de los precios de las viviendas existentes por primera vez en 54 años debido a las altas tasas y los descuentos de los constructores, lo que indica una demanda más débil y una posible inestabilidad del mercado.