Sure happy it’s Thursday to share my Three Cents Worth on Curbed, at the intersection of neighborhood and real estate. Today I give the full report.

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One Response to “[Three Cents Worth] New v. Used = Similar”

  1. Edd Gillespie says:

    “For PPSF, the spread between re-sale and new development was most pronounced in 2004/2005 and 2007, periods of frenzied activity. Not sure that makes sense to me since new development closings lag the market 12-18 months.”

    I’m not too sure where you are going with that. I don’t pretend to understand market analysis at the level you operate, but I have been taught that new development is a reflection of cost and cost is not value. In other words, factors other than supply and demand are influencing the prices paid for new development.