25 Percent: How Much A New Home Costs More Than An Old One

June 19, 2012 8:13 pm

We spotted multiple Rent or Buy stats in the past – here is a new angle to that discussion – if you decide to buy a house, should you buy a new one or an old one? We spotted this today:

“According to the latest data from the National Association of Home Builders, the average price for a new home in April ($282,600) was about 25 percent higher than the average price for an existing home ($226,400). Save $50,000 by buying used and you’ll have a lower mortgage payment, freeing up cash to do other more important things – like saving for retirement.”

Statistics Source: Yahoo Finance

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