Yes there is a large quantity of homes in this price range but why?
1. Builders keep building in this range because it is affordable to a larger percentage of people that need a larger home but have now over built.
2. Resale homes have been over priced and are sitting on the market.
3. People have to sell their homes in other places first before buying one here and are unable to do so.
4. Homes that were under $200,000 are now over this mark because of inflated lot prices that developers have been charging.
These homes can be found in (more…)