Changes for Proposed Construction coming soon!
The Real Estate Standards Organization (RESO) Data Dictionary maps all new, under construction and proposed construction to an AGE field, rather than a Property Type.Ā
Currently we distinguish, both NEW and Under Construction with the APPROXIMATE AGE, however, weāve also used Property Types to further define PROPOSED.Ā To better align with RESO, it is recommended that we remove Proposed Construction Property Types and ONLY use the Approximate AGE = Ā PROPOSED to distinguish new developments.
What does this mean for those SEARCHING for Proposed Construction?