Southern California builders, swamped with unsold homes, cut construction to 3-year low.
The volume of unsold, finished homes is up 22% in a year as construction is slashed by 18%.
Subscribe to:
Post Comments (Atom)
skip to main |
skip to sidebar
Robots, Rabbits and Sarcasm. Come for the snark - stay for the random punctuation and nonlinear narrative. Don't say I didn't warn ya.
Contact Me.
she _ said @ comcast . net
Help make this blog better by reporting broken images or links.
Other Snarkolepsy Hangouts.
Blog Archive
-
▼
2019
(447)
-
▼
May
(37)
- See what I mean?
- No title
- Burn him!
- California is the stupidest place on Earth.
- The world is pretty annoying right now. So I'm g...
- AnimeCon 2019. End.
- AnimeCon 2019. Part 1.
- This just can't be real.
- At this rate we will be in contraction by next month.
- Watching you watching me.
- How low does it go?
- Your pretty face is going to hell.
- Who doesn't?
- Probably the last year.
- If you bought last year you are feeling butthurt.
- Lowered expectations.
- Maybe they don't know what investing means.
- 3D without glasses is hard.
- At least it's different.
- I am a little in love with boxes that light up.
- Clever OLED display.
- Because..... unicorn.
- When you are too lazy to walk to the refrigerator?
- Oh STFU.
- So many companies willing to sell things at a loss.
- I guess all the bums are becoming bitcoin thousand...
- It's a bit curious.
- Analysts are such tools.
- Magic Leap quietly dies. (unofficially)
- Fisker in the wild.
- At least we don't pay attention to the rest of the...
- I literally will never get this.
- So stupid.
- Finally got a shot of my puddle lights.
- I am at a conference right now, and it's the most ...
- Musical Lots.
- It would be cool if it disconnected and became a d...
-
▼
May
(37)
Seeing the same thing here in the Midwest. The best market is currently in the mid-range level ($200k - $350k), but the builders are getting nervous about the 2008 vibes.
ReplyDeleteI just told a realtor that he would have to drop his price 25% on a property in order to get me interested. He is going to the owner with it. This particular house has been on the market for 60 days or so with zero interest. More than a few houses in this price range ($700k+ with 5+ acres) have been sitting on the market for 1 - 3 years.
BunnyGoat
Woooooow. That's intense. Let me know if that buyer jumps on a 25% haircut. And thanks for sharing market conditions in your area.
ReplyDelete25% sounds about right. It's a good start.
ReplyDelete