Monday, September 30, 2024
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<p>In this Feb 20 photo, a new residential construction is shown in Canonsburg, Pa. New home? Or existing one? For buyers, the decision is getting easier. A wave of foreclosures has sent prices of previously occupied homes sinking. New-home prices have fallen much less.</p>

Stories this photo appears in:

New homes are becoming a bad deal in weak markets
March 23, 2011 9 p.m.

New homes are becoming a bad deal in weak markets

Median price of new home now 48 percent higher than home being resold

WASHINGTON - A new home, the dream of many would-be buyers, makes less and less financial sense in many places.