At the Uncover DC link there are links to articles.
Ok many thanks; here’s the “money quote” from the link in the uncoverdc article:
These price cuts and lower price points pushed the median price of new houses just a hair below the median price of “used” houses – what the National Association of Realtors euphemistically calls “existing” houses, as if new houses didn’t exist. The last time this phenomenon occurred was in 2005, which tells us that the housing market is in for a reckoning.
Builders, by offering homes that now compete on price with “used” homes, amid a very limited number of buyers for both types, are elbowing in on sales by homeowners and are pulling buyers out of that market and are taking share – and sales of “existing” houses have plunged 19% year-over-year and 29% from June 2021. So something is up.