“I find all this very interesting …. South Loop developers have raised prices as much as 20% on unsold units in the past year. Something must be supporting the higher pricing …”
– Devyn, commenting on our post about Zillow’s Quarterly Home Value Reports for the first quarter of 2007
“I find all this very interesting…. South Loop developers have raised prices as much as 20% on unsold units in the past year. Something must be supporting the higher pricing…”
It’s called a wet dream.
What ever it is called…. I can remember last year when there were dozens of new construction (1 br) units in the 190’s to the low 200’s. Now you are hard-pressed to find a one bedroom for less than 250K. If the market wasn’t there, the pricing wouldn’t be that high. (I am speaking from first hand experience, I have a contract on an under construction one bedroom in the S Loop)