As
Mark talks about a downturn in the home furniture business, I consider the statistical reports of new home inventory levels. (My life really is more interesting than it sounds.)
"New home sales plunged in August," says the Commerce Department in a New York
Times report. And prices dropped on average 7.5%, "the steepest monthly price drop since December 1970."
What's it all mean? Obviously, motivated sellers are nervous, but we're coming up with some innovative ideas to help them. The best market I've seen in a long time for investment buyers is upon us, and more and more of my longtime clients are showing some interest.
Statistics tell the story, I think. We may have reached the bottom. It's a great time for bargains.
Labels: buyers, sellers, values
# posted by
Betty Poore @ 7:08 AM
