wcoastjosh

Housing Market Tracker: Homebuilders' Miserable Losses - Looking Up?

I worked in real estate in Visalia, the only reason Centex is selling so quickly is because $170k-$215k is ridiculously low for prices in that area. So yes, I am sure people are lining up because Centex is dumping houses at low prices. This is good because it will clear out inventory. I do not know what Centex's margins though are on those low prices. I do know it sucks for the people who bought in the last few years for $100k-$200k more and now their comps are screwed.