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Is buying a new home like buying a new car?

Posted on 07 December 2012

When you drive a new car off the lot, it immediately loses some of its value. Does the same apply to real estate? And if so, should you care? For years, the new construction and development market has been sluggish. But now, banks are lending again for new construction, and developers are ready to build in full force.
In major cities such as New York and San Francisco, dozens of new projects are in some phase of planning, construction, development and sale. In the suburbs and country, national homebuilders with large parcels of land are ready to develop communities of new homes………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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