We predicted this a few weeks ago. Builders will want to protect their pricing (thus the median home price numbers) - and their trick to do this is incentives - free cars, cash, jacuzzis, pools, upgrades, dancing girls, whatever it'll take
Make no mistake, this is a desperate $25,000 cut in price - the first of many to unload inventory. Boy, can you imagine buying a few days ago in one of their developments, and NOT getting this offer?
Can you say homebuyer lawsuit? Can you say cancelled contracts?
Can you say MELTDOWN IN PHOENIX UNDERWAY
December 21, 2005
Posted by blogger at 12/21/2005