"New Home Prices Drop Below Existing Home Prices, Offering Buyers More Affordable Options"

According to a study by Realtor.com, new home prices are now cheaper compared to existing homes of similar sizes.

This trend is attributed to the increasing demand for homes amidst limited supply and rising costs in the housing market.

While existing home prices have continued to rise, new home prices have become more competitive and attractive to buyers.

The report suggests that factors such as lower construction costs and available incentives for new homebuyers contribute to this shift in pricing.

This data highlights the changing dynamics in the housing market, making new homes a more appealing option for potential buyers.