Comments on: New Home Sales Vs. Existing Home Sales: Guess Which Is Winning?

By: Tony Cartman

Tony Cartman — Tue, 07 Jul 2009 14:24:55 +0000

I guess because the real estate market, foreclosure situation, existing homes are way ahead the new places to buy. The possibility to buy a house in cheaper prices attracts more

By: Dr. Eric Martin

Dr. Eric Martin — Fri, 26 Jun 2009 15:31:52 +0000

With so many foreclosures on the market at diminished values it’s not surprising that new home construction hasn’t as of yet rebounded. Even with an $8000 tax credit for first time buyers the opportunity escapes these potential purchases in the face of the disparaging economic client.
Business will pull us out of this recession and not the government. This has been proven time and time again. Only now are we seeing a change in direction that seemingly has been tried and failed in the past (I am referring to Truman’s stimulus spending that carried us into a great depression). Perhaps however this current economic climate will pave the road towards a newly realized opportunity that promotes the construction of new homes – however with the commercial real estate bust seemingly looming, I’m not so sure we’ll see a rebound anytime soon.

By: clare

clare — Fri, 26 Jun 2009 10:17:25 +0000

I think it would be optimistic to say that we were in a recovery, we still have financial issues to resolved that can’t be ignored. Now is a good time to buy property whether it be a foreclosure or a resale there are definately some good deals to be had when you know how to negoatiate a good deal and secure a tenant before you buy.

By: David K

David K — Thu, 25 Jun 2009 20:02:24 +0000

Recovery? I’m not holding my breath.