August 12, 2016

Farther out homes better value for buyers

By Marcie Geffner - NewHomeSource.com

Some brand-new homes are built in city centers. Others are constructed farther out in new-home communities of hundreds or even thousands of homes.

These days, those farther out houses can be an especially good buy for home shoppers.

That’s because city-center houses generally have rebounded in value significantly faster than suburban houses in many cities since the low of the Great Recession, says Lance Ramella, a senior vice president at John Burns Real Estate Consulting, a real estate industry consultancy headquartered in Irvine, Calif.

Read more:
https://www.newhomesource.com/resourcecenter/articles/why-farther-out-homes-are-a-better-value-for-buyers