SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MulhollandDrive who wrote (21012)5/26/2004 10:59:06 AM
From: TradeliteRead Replies (1) of 306849
 
It's hard for many buyers to commit to the long process of waiting for a new home to be built when they know interest rates are probably going up before they can sign the final papers.

This is switching many of them to existing homes and the resale market, which is predictable at a time like now.

A builder here recently finished 4 spec homes well over a million dollars, located on a busy road, that didn't go anywhere for quite a while. All of a sudden, two of them are sold.

Builders who have a few spec homes already put up and ready to move into will be the ones making the sales for a while, I suspect, until the interest rate market stabilizes.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News