Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "New Homes: Massive Liquidation Sale (Price Cuts Everywhere)" video.

  1. Wow. They have that much finished, unsold inventory. That's crazy. Big upfront investment. Here in Florida they usually build after contracting or contracting begins around 50% completion. No doubt, there will be downward pressure there in Austin if those are unsold. Maybe happening in other cities.
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  2. Would not use MLS listing as a function of sizing market. Here in Florida, the vast majority of new construction are not listed on MLS. It is increasing a bit as realtors are more welcomed if sales slow. Sometimes they are placed on MLS after they are sold for recording purposes only.
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  3. Very good point. A few years of downward, then stagnant bottom, followed by slow recovery. Takes years if we repeat.
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