Lower Prices and Less New Construction Surprising Realtors

Here’s more good news if you are in the market for buying more rentals or rehabs below market prices.

The latest figures are in from the Commerce Department that new construction for houses and apartments is down by 14.3 percent for January.

Here’s more good news if you are in the market for buying more rentals or rehabs below market prices.

 

The latest figures are in from the Commerce Department that [tag-ice]new construction[/tag-ice]  for [tag-tec]houses[/tag-tec] and apartments is down by 14.3 percent for January. 

 

Reports coming in from the National Association of Realtors also confirms that sales of existing [tag-self]homes[/tag-self] in 40 states are down and prices have fallen in 49 percent of the metropolitan areas tallied.  It’s the widest price decline ever since the Realtors have been taking surveys. 

 

 

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