VI real estate holding up well

The New York Times published a story about the territory’s real estate and how pricing is fairly steady.  It quoted Dawn Wheatley, a broker with John Foster Real Estate, saying “The market has leveled off, but it isn’t going down and the reason is a limited supply of inventory. Almost no new housing has been built in more than 20 years, and we’re back to our original client base of second-home buyers from the U.S. The downside is that there are very few homes available in the under-$300,000 range.”  Here’s a link to the Times story.

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