Thread: US housing market deteriorates at faster pace than expected
View Single Post
Old 06-03-2007, 01:43 PM  
L-Pink
working on my tan
 
L-Pink's Avatar
 
Industry Role:
Join Date: Mar 2005
Location: Florida/Kentucky
Posts: 39,151
Quote:
Originally Posted by AmateurWealth View Post
builders are definitely trying to move inventory.....i just bought a house appraised at $370K for $300K brand new....10% down and 90k in equity at close.....kinda hard to not to buy new here in Fl...less than $100 per sq ft...very few builders are even applying for building permits atm...existing homes are taking a beating right now...
You do realize the "appraised" value is simply what similar homes recently sold for.
L-Pink is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote