Buying a new home? What a difference $1,000 makes

Posted by Bonnie Martin Designated Broker on Thursday, September 11th, 2014 at 10:04pm. - In all the wrangling over credit, construction and confidence in this housing recovery, the real cost of owning a new home could come down to about the same amount as the cost of a new washing machine. One industry group claims just $1,000 makes all the difference.


"Each $1,000 increase in the cost of a new median-priced home price forces 206,000 prospective buyers out of the marketplace," reads the first line of a new report from the National Association of Home Builders.

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