I'm only putting a link because the realtor that wrote this piece does not allow postings on other sites. It is interesting because this is written by Mike Morgan who owns a real estate company in Florida and is an analyst and consultant also:
http://www.treasure-coast.us/weeklyupdate09-23-07
Showing posts with label incentives. Show all posts
Showing posts with label incentives. Show all posts
Monday, October 1, 2007
Saturday, September 15, 2007
California Home sales plunge in August
Prices drop in most Southland ZIP Codes, and the number of sales is the lowest in 15 years for that month.
By Annette Haddad, Los Angeles Times Staff Writer
September 13, 2007
Home prices fell in most Southern California neighborhoods and the number of sales tumbled to a 15-year low for August -- driven down by tougher lending standards, mounting foreclosures and skittish buyers.
Sales for the month plunged 36% from a year earlier. What's more, 71% of the Southland's ZIP Codes showed price declines, according to figures released Wednesday by DataQuick Information Systems. The survey excluded areas with 14 or fewer sales.....
"People just don't have the income to support these prices except with crazy mortgages -- and now the mortgage money is going away, and people are walking away from their homes," Thornberg said.Nearly 9% of the homes sold last month were foreclosure properties, DataQuick reported, up from 2.2% a year earlier.
http://www.latimes.com/business/la-fi-homes13sep13,0,611742,full.story?coll=la-home-center
By Annette Haddad, Los Angeles Times Staff Writer
September 13, 2007
Home prices fell in most Southern California neighborhoods and the number of sales tumbled to a 15-year low for August -- driven down by tougher lending standards, mounting foreclosures and skittish buyers.
Sales for the month plunged 36% from a year earlier. What's more, 71% of the Southland's ZIP Codes showed price declines, according to figures released Wednesday by DataQuick Information Systems. The survey excluded areas with 14 or fewer sales.....
"People just don't have the income to support these prices except with crazy mortgages -- and now the mortgage money is going away, and people are walking away from their homes," Thornberg said.Nearly 9% of the homes sold last month were foreclosure properties, DataQuick reported, up from 2.2% a year earlier.
http://www.latimes.com/business/la-fi-homes13sep13,0,611742,full.story?coll=la-home-center
Thursday, August 9, 2007
More Housing Articles
Las Vegas...
http://www.inbusinesslasvegas.com/2007/08/03/feature1.html
Credit crunch hurts housing
By Brian Wargo / Staff Writer
Meritage closed its model homes at the master-planned community of Inspirada in Henderson.
In a sign of a struggling housing market, Meritage Homes has shuttered its sales center at Inspirada after making no sales. The homebuilder has opted to go back to the drawing board and design homes that are more affordable and better fit the buyer's lifestyle.
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Builder Incentives....
http://online.wsj.com/article/SB118661750287092393.html?mod=todays_us_personal_journal
Anxious Builders Pile On Incentives
Perks, Price Cuts Become More LavishAs Developers Grow Increasingly Desperate;Would You Like a Pool With That?
By JEFF D. OPDYKEAugust 9, 2007; Page D1
With the housing market looking increasingly frail, home builders and real-estate agents are going to new extremes to attract buyers, dangling lavish incentives and slashing prices.
http://www.inbusinesslasvegas.com/2007/08/03/feature1.html
Credit crunch hurts housing
By Brian Wargo / Staff Writer
Meritage closed its model homes at the master-planned community of Inspirada in Henderson.
In a sign of a struggling housing market, Meritage Homes has shuttered its sales center at Inspirada after making no sales. The homebuilder has opted to go back to the drawing board and design homes that are more affordable and better fit the buyer's lifestyle.
****************
Builder Incentives....
http://online.wsj.com/article/SB118661750287092393.html?mod=todays_us_personal_journal
Anxious Builders Pile On Incentives
Perks, Price Cuts Become More LavishAs Developers Grow Increasingly Desperate;Would You Like a Pool With That?
By JEFF D. OPDYKEAugust 9, 2007; Page D1
With the housing market looking increasingly frail, home builders and real-estate agents are going to new extremes to attract buyers, dangling lavish incentives and slashing prices.
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