[tkret]

Good morning Indy Guy,
Those are very good points you make. My point is that housing is like any other commodity; it's a supply and demand issue. As TV management builds and sells more homes it just makes it more competitive for the resale market. Prices will have to be adjusted to be more in line with what a new home is being sold for. It is true that the existing homes have items, such as landscaping, already in place whereas the purchaser of a new home must still invest in those things; however, many people moving into a place like TV want new. Currently, I would suggest that with the resales AND the new-builts, supply is outstripping demand at this time. Yes, if I had a home for sale, TV would be the place most likely to have it listed fewer days on the market than homes elsewhere in the country (with the exception of Manhattan and Charlotte). When prices in the rest of the country bottom out and sales increase, activity in TV will be brisk or shall I say even more brisk. Until that day, however, the buyer will have more to choose from because of both new and resales and price will be the deciding factor.