Used Homes Will Drive Market
Quote:
Originally Posted by CoachKandSportsguy
Still the new homes are construction cost plus pricing, and lower than the established neighborhoods older homes. .
Someone i recalled argued the opposite, and I used this data point as my source, and its a partial as the MLS portion is missing for a complete picture
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Used homes will eventually lower in price. New construction prices are adjusting , but will have to cave to whatever price point people will sell their used homes at. This will come in the form of reverse mortgage expirations, inherited homes, dual home ownership hardships and reduced rental prices that have to come.
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