In my area there has been a lot of new construction. New homes were starting at 280,000 and going up into the luxury class and were selling well a year ago. Now with all the builder incentives it is showing that they are in a tight market. Builder incentives are as much as no payments until January 2008 on market homes and agent incentives as much as a cruise for 2 with airfare on Princess lines.Here is where the switch comes in............... One of the builders that is sitting on an undeveloped parcel has filed for a major modification to the R-PUD plan that was approved. They would like to go from single family housing to mixed use development. They want to build townhouses starting at 170,000 and a small retail area. The township trustees seem to think it is a good thing beca...
Comments
5