Custom builders start million dollar more spec homes, built on speculation before the buyer is at hand. And even in an environment of luxury, sometimes the most expensive homes are selling the fastest.
“Who is the most recession-proof? People who are high income earners. Who can be more easily qualify for a loan? Who can come up with more equity, “ask the Real Estate Center at Texas A
Cordillera Ranch in Boerne, 35 homes being built, and 20 others have plans approval, with the average price for only home-not much – at about $ 1 million, said the proposed Cordillera Ranch Development Corp.