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home builder: The home builder predicament - 11/27/08 07:40 AM
I will say it, the LAST thing the housing market needs right now is more new homes. 
A couple of days ago I made a post about my opposition to a builder bailout; this idea was something that was being thrown around Washington recently from the National Association of Home Builders.  They are getting hit hard, understandably.
An article put out by Reuters that was on CNBC.com the other day showed that new home sales are at their lowest rate since January of 1991.  And when you consider that existinghome sales are up 59% from 1991 that tells you just how devastated the home … (0 comments)

 

Mark MacKenzie

Phoenix, AZ

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Mark MacKenzie Real Estate Planning

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