I’ve seen the prices come down almost 50% in the time since we’ve sold in 2005 and the current pricing. I agree that there might be some additional downside, but am really considering the alternatives of buying from a builder vs. buying a resale / REO / short.
Any thoughts on how much of a price premium is generally applied to builder / new construction purchases versus resale?
Also, any thoughts regarding the Estates at Morgan Hill or the builder would be a HUGE help!! I’ve been kinda out of the loop! 🙂
