More New Construction every where we go. Did I say Increasing Values? What is your Take on this? - 04/23/12 01:56 PM
In my daily appraisal travels we see more and more new construction inside existing developments. They stopped building a few years ago and now investors/builders are buying up the remaining lots CHEAP and starting to build homes on them. And YES,,,,,in our area anyway, I am definitely seeing an increase in values for these new homes compared to their few year old counterparts (at least when it comes to the price on the sales contracts, getting them closed at that price is another story) This is Partly because of dwindling supply and partly because people like NEW! Always have, always will. 
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