Tuesday, May 16, 2006

Sacramento "Incentive Game" Over?

Kiplinger's has this tidbit about Sacramento's unraveling new home market.

Homebuilders hate to cut prices for fear of torching everyone's property values and setting off stories about weakness in housing. But they know real estate is cooling, so they are advertising goodies galore. And now there are signs that the taboo against price-cutting is lifting...

In Sacramento, local builders say that at least one of the big national outfits is done playing "the incentive game" and will shortly cut prices.

8 comments:

Lander said...

Pulte?

Happy Renter said...

I never thought it would crash this fast.The large corporations do not want to be stuck with depreciating inventory, they will move quickly while the resale homes continue to stagnate.

BitterRenter said...
This comment has been removed by a blog administrator.
Lander said...

Folks, this blog has a comment policy. Please watch the language.

Happy Renter said...

So, what is the deal with realty times? Do the agents keep posting the same comments over and over to be first on the list or do they circulate the comments. I love it though it's a great view of the other side.

Happy Renter said...

Lander,
Can we expense with the word verification in favor of an email I.D.

It's faster.

norcal ray said...

Would think it is Centex, they already have $ 100K discounts.

Lander said...

I don't believe e-mail verification is available in Blogger.