In today’s market, where many resellers have problems selling. For every home sold by the builders, there is one home NOT being sold by a reseller. The builders are simply stealing sales away from the resale market. Every new home being built just add more the the supply side of the equation, making things worse for the market.
What’s going on is NOT a reflection of the market’s strength. It’s a reflection of the builders’ pricing strategies.
If you only look at new home sales, you see a rosy picture. But if you look at the entire market, you’ll see the opposite. 🙂
