I’m not sure what this means. I read it to be, people are buying more modest sized homes rather than McMansions. I clearly understand housing has not bottomed and house prices continue their long gradual slide downward to some bottom off in the future, but a 14% drop in median NEW home prices just tells me that builders have rapidly adapted to a buyers market by building starter homes again.
I see what you mean—but I do not think that accounts for a 14% drop in ONE MONTH. Things don’t usually move that quickly. I agree with you that real estate has not bottomed. I sold 2 years ago and saved most of my butt.