After exhausting preowned inventory for several months, I worked with buyer clients this weekend in the the Fort Bend master planned community of Riverstone. All the major builders were out of completed homes and my clients settled on a hosue that will be completed in December. Developers across the city stopped or slowed down the development of lots in 2009. They are just now getting ramped back up to provide builders the lots they need to supply the anticipated demand in the spring. This usually causes the prices of preowned homes that have been updated to compete with the new construction to rise.
The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.
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Houston Home Seekers helps area home buyers find the new or pre-owned home of their dreams and understand the difference between price and value. Optimization of Real Estate technology empowers sellers determining the highest value of thier home.
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