Faster than a speeding bullet
Diana Heeb Bivona
What’s faster than a speeding bullet? No, its not Superman, its a home builder slashing prices. That quick reflex has assisted in boosting home sales to its highest level in three months. According to a recently released government report, sales of new homes unexpectedly rose 5.3% in September to a seasonally adjusted annual rate of 1.075 million.
While overall sales numbers remain down, many within the industry are looking upon this as a hopeful sign. The idea being that buyers are responding to builders who are cutting their prices. The moral of the story being, if you cut it (price), they will buy.
Hope springs eternal…
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