Excess Inventory

By
Real Estate Agent with Frank Rubi Real Estate
I drove past several new developments in the Ponchatoula area.  This is about 45 miles West of Slidell where I live.  I guess there were forty to fifty houses all together.  I believe only three didn't have for sale signs.  There were also some developments that only had roads and nothing else.  I blame the housing problem on the developers and the ones who loaned the money.  It is going to take a long time for this inventory to be bought by buyers.
Posted by

 

 

 

 

 

 

  

 

Search New Orleans Real Estate                                      

All information is deemed accurate but not guaranteed.  We serve the entire NOLA metropolitan area give me or Frank a call at 985-640-1817 or 504-319-9696  

 Licensed in Louisiana (USA)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Tags:
slidell homes for sale
lacombe homes for sale
st tammany homes for sale
mandeville homes for sale
covington homes for sale

Spam prevention
Show All Comments
Rainer
5,280
Todd Haggard
Century 21 Nachman - Virginia Beach, VA
ABR
You are correct, but the ones who buy today will be able to take advantage of the excess inventory.  
Aug 25, 2007 01:30 AM #1
Rainmaker
120,370
DDR Realty
DDR Realty - Newburgh, NY
Orange County NY
This may be true in some market areas, but not in all.
Aug 25, 2007 01:33 AM #2
Ambassador
941,447
Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
John, in order for this supply issue to work out today, the seller needs to show value. Whether a seller or builder what makes their property stand above the crowd. See George Tallabas post on Putting on Blinders.
Aug 25, 2007 02:00 AM #3
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
388,919

John Walters

Licensed in Louisiana
Whats my home worth?
*
*
*
*

Additional Information