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It can happen because new homes are more expensive. People prefer new and will pay more. That raises the average price which raises prices on the existing sup
by ipaddr 5y ago
It can happen because new homes are more expensive. People prefer new and will pay more. That raises the average price which raises prices on the existing supply.
- civilized 5y agoOr it lowers price on the existing supply because wealthier buyers are going to the new supply now rather than bidding up the existing supply.