New Homes are Now Selling $33,500 Cheaper Than Existing. Billionaire Real Grant Cardone Blames Interest Rates and ‘Other Gimmicks’

Grant Cardone, the real estate investor and entrepreneur known for his direct approach to financial and market commentary, recently addressed one of the most persistent questions in U.S. housing: why new homes are often cheaper than existing properties. His explanation was straightforward: “Mystery Solved. Why are new homes selling cheaper than existing. New homes [are selling] $33,500 cheaper than existing homes.” Cardone analysed and explained why this seems to be the case, despite the obvious paradox. ...