How does new built houses affect other houses value?

[Carlos Urresti]

Hello Bigger Pockets members, it's been a couple of weeks that I haven't post anything...I miss doing it, It's just that the business keep you Busy...I love it though. So I Have a concern I have a house in Mesa, AZ. I Bought It in 2010 in the low's $100's K in 2006 before I purchase it, it was worth $240k...way too much for the kind of house we are talking about. I don't think it will reach those prices again. That's not the point though, in the next 6 months, next year 2015 just next to where this house is located at there will be new houses built... I would like to know how the area will be affected, pros and cons!!!! Thank you much for those quality comments!!!! God bless all!!! Carlos