Yesterday, we discussed some of the problems with new construction over the past few years. The conversation is important, because we must learn from the mistakes of the past to ensure a better future.There is plenty of blame to go around - and the real estate commission has responded with heavy reforms including mortgage broker licensing and aggressive enforcement of ethics violations.
Buyers, too, have changed in the face of this experience. For too many years, buyers throughout the country put the size of their dreams ahead of the size of their wallets.
Having said that, "almost-new" construction is a great deal today in many areas. With prices that have fallen 20% or more from their peaks, and a great quality of life driven by newer schools, community parks and updated infrastructure, there's a lot of value for the dollar.
Want to know where some of the best values are located? Drop me a line and I'll let you know my thoughts.
