This is great and offers far more insight into what is going on than the generalities I have been seeing in other posts here.
Very interesting on that Santa Rosa home. The builder prices that I quoted in the other thread are likely the cause. I’m going to do some drive bys this weekend to see if I can gather more information on the developments and where builder prices are currently.
We (like you) are looking to buy for family reason and plan to stay put for the long haul. I don’t want to be in a neighborhood of flippers though, and welcome the weedout of those looking to turn a quick profit. My hope is that they will be out of the market sooner than later so we can stabilize (if not in price at least in the community being less transient).
I’ll write back to you after I do more investigating.
Thanks for your comments and for not getting caught up in the negativity that becomes rampant when someone questions the prevailing thought processes here.
