27.09.2011 - Why would you buy a new home?
Given the bloated supply of existing homes for sale, including a glut of foreclosures, there arenít many people willing to shell out a premium price for a newly built house. New-home sales dropped to a seasonally adjusted annualized rate of 295,000 in August, down from 323,000 for all of last year, and a far cry from 2005, when 1.28 million new homes were sold, according to the Census Bureau and the Department of Housing and Urban Development. Read more: Sales of new U.S. homes dip in August..............................................Full Article: Source
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