“Let’s Go Kill Build Something!” Substitute “build” for “kill,” and you’ve got a pretty succinct explanation for today’s (very) robust market for new construction. Namely, with the economy recovering (at least for many consumers) and housing inventory continuing to scrape record lows, Buyers with the means are throwing in the towel waiting for their dream home...Read More
Projected Selling Price: $171,400 Actual Selling Price: $155,000 In a post more than 4(!) years ago titled, “Tear-Down Economics: From Worst to First, or Housing ‘Leapfrog,” I posited a three-step test for determining how much the land underneath a given home was worth. In other words, how much the home would sell for as a tear-down....Read More
