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Real Estate
Reply to "The bifurcation of the housing market - new home price collapse, existing homes stable value"
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[quote=Anonymous][quote=Anonymous]So is this pandemic-related, as in builders bet on the virtual work option and now have too many houses far from urban centers because companies are calling their workers back to the office? [/quote] That maybe part of it, but many of the houses selling for less than comparable older homes were built near urban centers. The issue is that a builder will have a bunch of units they need to sell, and there are fewer buyers right now due to rates. So they need to lower prices to incentivize sales because they are trying to sell 5 or 10 or 20 homes, not just one.[/quote]
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