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Northern Colorado News!Builders Clear Out Inventory With Splashy Campaigns, an article from Realtor Magazine Online, reports that home builders are anxious to unload excess inventory. Many builders are offering items such as free plasma televisions or low fixed interest rates. Hovnanian, a luxury builder, recently went as far as reducing home prices by as much as $100,000 through a mix of discounts and other incentives. This "Deal of the Century" campaign resulted in the sale of over 2,100 homes. Other builders are selling a large number of units at once via auction or listing homes on eBay. http://www.realtor.org/RMODaily.nsf/pages/News2007092505 Additional articles that you may find of interest: New hotel planned for 2534 Dacono moving ahead on taking land at park Planning Commission to chime in on testy Lakeview development German builder to buy Flatiron 4 smart housing plays Rating agencies in the hot seat Mortgage applications slide 2.8% as purchases fall Could Relaxing Zoning Laws Make Housing More Affordable? Borrowers Fight Back Against Misleading Loans RPX Measures the Housing Market |
Author
Marcus Valdez Keller Williams Realty of Northern Colorado Fort Collins, CO Office Phone: (970) 495-9797 Cell Phone: (970) 231-0890 More information... Contact Marcus Valdez |