Interesting. I think that this is the first large national builder entering the market in Hillcrest. I wonder what that will to prices. From what I understand they were mostly condo conversion with 1 or 2 brand new developments.
My experience is that Hillcrest RE held up pretty well during the last downturn in 1990s. At that time there were beginning selling Village Hillcrest condos for $250k which was quite high for condos.
The housing stock in Hillcrest is pretty old. I believe this DR Horton project will add a higher quality new product at the same price as old conversions.
