Builders are slashing new construction prices; here’s where they’ve been cut the most

Thanks to increasing inventory, slowing home value growth and last year’s jumps in mortgage rates, price cuts are becoming the norm when it comes to new construction. In fact, according to new data, 25 percent of new homes last quarter saw a price reduction.

from Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports http://bit.ly/2sYD0pS