My family and I have been in the hunt for a new home for the past few months now. When we made our prediction about 2 years ago that the end of 2006 would be a good time to buy a home, we did not realize how true that statement would be. I was told a few weeks ago by someone in the real estate industry that many of the larger builders (publicly-traded ones) would be aggressively slashing prices to meet year-end quotas. Couple that with a huge amount of cancellations from investors who have been frightened off by the current condition of the housing market and you have yourself a candy store full of opportunities for folks like me. Just last night my wife and I went to see some model homes (that had a midnight-madness special going on) where they were taking up to $100k off of the price of their homes. In many cases that was including upgrades like landscaping.
Two of the large builders that are in our area are: Lennar Homes and KB. Check your area for either these or other publicaly-traded builders.
>I’m not trying to be funny, but you can always tell what demographic a builder is after by looking at the pictures in the picture frames. When we were looking in the Irvine area, most of the pictures were of Asian families. As you move towards the Inland area, most of the pictures are of Black/Hispanic families. A lil’ something I noticed.
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