land: The reason new construction prices have not come down. - 02/04/09 07:18 PM
This is a buyers market! Prices have not been this low in years, mortgage rates are at a 20 year low and the choices are many with inventory high.  So why is the cost of New Construction still so high? 
I get asked this question on a daily basis.  There are many factors that go into the price of a new home.  The first and most important factor is the land cost.  Builders and developers have purchased the land in many cases more than 1 year ago, but most likely 2-3 years before a project has been approved.  This cost is … (8 comments)

 
Susan Phelps (Prudential CT Realty)

Susan Phelps

Glastonbury, CT

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Prudential CT Realty

Address: 2790 Main St, Glastonbury, CT, 06033

Mobile: (860) 212-0242

Office: (860) 633-3674

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