Friday, Oct 05, 2007
Housebuilders may go bust!
Bloomberg: Homebuilders Liquidate Assets as Threat to Survival Spurs Sales
U.S. homebuilders are struggling to sell their products so are having to accept really low offers -some are discounting as much as 40% in order to raise cash. Others prefer to offer incentives worth thousands of dollars, which will smudge the actual selling price - don't want it to look like the builders are dropping prices too much!
Posted by su @ 06:41 AM (282 views) Add Comment
1 Comment
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1. Axxo said...
We can beat that, the average reduction for a new build flat at auction is 60%..www.moneyfacts.co.uk/news