Here’s something interesting from today’s Census release on new home sales: The average new home price fell to $242,300 in October, which was the lowest average monthly new home price since August 2003 ($241,000), more than 8 years ago (see chart above). It’s also $79,200 (and 25%) below the peak average new home price of $321,500 in February 2007.
HT: Zero Hedge
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