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New Homes: Get ‘Em While Builders Are Desperate
If you're looking for a discount on a new construction, now's the time.
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The developer who built my subdivision has finally built or out all the available lots and has undertaken doubling the size of the development. He is putting millions in a total infrastructure build out and to pay for it he will have to build and sell 75-80 half-million dollar homes. There is little demand for those homes in my area, especially if prices go up. Rates are up and no lots are yet fully developed or roads built. This guy has busted out once on the first half of the subdivision. He may well go again. Not a great time to be trying this.
Ann arbor Michigan is building way too much supply right now. I’m sure the city council is cashing in, but it’s going to go bust