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.
