On today’s show we’re talking about a generic, nondescript townhouse selling for $191,000 above asking price in multiple offers. This is not a unique property, but yet the mismatch between demand and supply. How do we as developers make sense of market valuation as we plan for future market pricing upon completion of projects? Will seller’s market conditions continue? For how long? What will be the impact of higher interest rates? Is this a bubble?
Host: Victor Menasce