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08-24-2007, 09:26 AM
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693 posts, read 2,695,515 times
Reputation: 320
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08-24-2007, 10:19 AM
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Location: Montana
2,203 posts, read 9,046,410 times
Reputation: 1128
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Thanks for the link. One of those good news/bad news articles. Sales were up in July as compared to June, however sales are down over 10% as compared to a year ago.
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08-24-2007, 06:01 PM
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4,610 posts, read 10,859,401 times
Reputation: 6831
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Quote:
Originally Posted by Grass Is Greener
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I saw this on the news today. I think they said that new home sales were up 2.8%. |
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08-25-2007, 12:54 AM
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Location: Moved to town. Miss 'my' woods and critters.
25,464 posts, read 13,197,525 times
Reputation: 31749
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Now if only the same could be said for existing homes  |
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08-25-2007, 01:09 PM
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12,026 posts, read 10,768,360 times
Reputation: 11114
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New home sales as reported by the government is not actual closings.
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08-26-2007, 09:13 PM
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Location: Ft Lauderdale Florida area
14 posts, read 125,141 times
Reputation: 27
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Remember part of reason New ones sell is Give-backs by builders! That is quite misleading versus reality. What is something really worth when you deduct shell games? Maybe less than the net price you see - Certainly less than the gross price and with costs rolled in you pay for Years on the games too. Be careful out there - Remember how long it took to get this out of control and don't think it's all fixie in a minute.
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08-26-2007, 09:56 PM
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Location: Grand Rapids Metro
8,882 posts, read 19,185,632 times
Reputation: 3912
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Don't get your hopes up. The government data doesn't take into account "true sales prices" when you add in seller incentives and givebacks, which grossly affects the sales pace of new and existing home sales. Seriously, don't look for a comeback until mid to late 2009 (at the earliest). If you have a home to sell, you better make sure it is in "perfect" condition and price it "to sell" if you want it to sell.
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08-26-2007, 11:11 PM
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Location: California
71,502 posts, read 17,758,159 times
Reputation: 41451
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So,That could mean that the buyers want newer homes.
Who are the ones buying new homes?
Are there more foreigners coming?
Foreingers here in California like buying homes that are newly built or built within 5 years
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