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.In case you still think "there is no housing downturn". pic.twitter.com/5y9Nm6MaMH— Nick Gerli (@nickgerli1) March 25, 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.In case you still think "there is no housing downturn". pic.twitter.com/5y9Nm6MaMH