I've stated months ago about new subdivisions close to me. Two story homes with basements for under 300k! And they have been sitting now for about 2 years. I have to wonder how the builder can float that for so long. This is just north of Atlanta.
Being a homeowner myself, I've been bitching the last 5 years that builders need to stop developing the area with new homes. It was easy for me to see the excessive increase in supply of new homes since I don't make my living building them.
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