For Many Homebuyers, It’s New Construction or Nothing

Bloomberg, Feb. 27, 2023–Conor Sen
There is a growing divide between the existing- and new-home markets: For buyers brave enough to proceed despite 2023’s high-rates, new construction is becoming the only game in town. January was the strongest month for new home sales in the US since March 2022.
https://www.bloomberg.com/opinion/articles/2023-02-27/homebuyers-turn-to-builders-as-existing-homes-for-sale-get-rarer?