Evaluating the Competitiveness of the CFD/Project Study
For the remaining homes in a CFD/Project, how competitive are their prices in the marketplace, relative to other comparable new housing projects and also nearby existing homes that are for-sale, including homes that are under duress, such as foreclosures and bank owned?
Although a CFD/Project may have had a significant number of its homes occupied by homeowners, the marketability of its remaining homes may encounter challenges that result in a lengthy absorption time, since competing projects/homes that are under duress often significantly discount their prices.
So, this Study arrives at conclusions regarding the amount of competition that the CFD/Project faces from other comparable new residential projects, nearby existing homes, homes under duress, and also the current equity level of homeowners.
Example:
Although a CFD/Project may have had a significant number of its homes occupied by homeowners, the marketability of its remaining homes may encounter challenges that result in a lengthy absorption time, since competing projects/homes that are under duress often significantly discount their prices.
So, this Study arrives at conclusions regarding the amount of competition that the CFD/Project faces from other comparable new residential projects, nearby existing homes, homes under duress, and also the current equity level of homeowners.
Example:
