Is Now a Good Time to Buy into a New Development?
Tip: Highlight text to annotate itX
There's never been a better time to buy a new development. First and foremost prices
are lower than they've been in years, closer to 2005 levels. There's a lot less inventory
being introduced to the market, particularly on the new development side, which means that
over the next few years pricing is likely to go up. Mortgage rates are at historic lows.
And there's still opportunity to buy in development projects, which have 421A tax abatements which
translates into significant monthly savings.
