Too many sources of information on the real estate market cause errors and lead to too many questions. Let's take a step back and look at the Rubiks cube that is the real estate market.
Bryan Grant
Fathom Realty
McKinney, TX
TREC License 811099
All statements are my opinion.
Call me at 469-693-1023 if you are looking for Buyer Representaion in the greater DFW and surrounding metro areas.
Real Estate Mindset - New Contruction Appraisals:
https://youtu.be/3zvndLw9_XI?feature=shared
New Home Sales (click on "vs existing" to see what is driving median home prices):
https://www.mortgagenewsdaily.com/data/new-home-sales#chart-new-vs-existing-home-sales
St Louis Federal Reserve:
FRED existing home sales:
https://fred.stlouisfed.org/series/EXHOSLUSM495S
FRED avg new home price:
https://fred.stlouisfed.org/series/ASPNHSUS
US CENSUS:
Monthly New Residential Sales (not MLS):
https://www.census.gov/construction/nrs/current/index.html