Reply to SPRING MARKET!! What's the vibe?

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[quote=Anonymous][quote=Anonymous]The pricey new builds simply reflect that the builders are constantly pushing the market to see what they can get away with. The profit margins on those houses are insane (new builds in places like Bowie go for $750K -- see https://southlakebowie.com -- and they look virtually indistinguishable from the new builds in desirable areas, so land cost alone cannot account for the difference). In past years, builders have pushed the market and gotten away with it, so every year, they inch up more to see if buyers will accept the higher prices or balk. [/quote]

a lot of new homes north of 4 mil are sitting for many months if not over a year before they find a buyer. Not sure what builders are going to do when they have to eat the costs of these homes sitting and will start competing with external (out of the area) construction companies who will underbid them to build the same homes. Bowie contractors will see the opportunity to profit more going into the wealthy area to build for the existing home owners (wanting to upgrade) even if charging less than the local builders used to the gravy train[/quote]

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