Author Topic: Big builder Lennar cutting prices in cooling US housing market  (Read 480 times)

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Offline WTTCHMN

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Big builder Lennar cutting prices in cooling US housing market

https://www.ocregister.com/2022/06/21/lennar-cutting-prices-in-cooling-us-housing-market/

Online CalBears96

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Re: Big builder Lennar cutting prices in cooling US housing market
« Reply #1 on: June 23, 2022, 10:44:30 PM »
"Seven regions had significant slowdowns this month, Lennar said. They were: Raleigh, North Carolina; Minnesota; Austin, Texas; Los Angeles, the Central Valley and Sacramento in California; and Seattle. The company increased incentives, such as mortgage rate “buy-downs,” and lowered prices in some subdivisions to boost demand."

Still not relevant to OC, though.

Offline Liar Loan

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Re: Big builder Lennar cutting prices in cooling US housing market
« Reply #2 on: June 24, 2022, 12:06:40 PM »
"Seven regions had significant slowdowns this month, Lennar said. They were: Raleigh, North Carolina; Minnesota; Austin, Texas; Los Angeles, the Central Valley and Sacramento in California; and Seattle. The company increased incentives, such as mortgage rate “buy-downs,” and lowered prices in some subdivisions to boost demand."

Still not relevant to OC, though.

Haha!

Offline qwerty

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Re: Big builder Lennar cutting prices in cooling US housing market
« Reply #3 on: June 24, 2022, 01:48:18 PM »
"Seven regions had significant slowdowns this month, Lennar said. They were: Raleigh, North Carolina; Minnesota; Austin, Texas; Los Angeles, the Central Valley and Sacramento in California; and Seattle. The company increased incentives, such as mortgage rate “buy-downs,” and lowered prices in some subdivisions to boost demand."

Still not relevant to OC, though.

Think of it as a forest fire that starts somewhere else and then eventually gets to your house :-)

No concern at first but then you will be breathing in the smoke.

Online CalBears96

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Re: Big builder Lennar cutting prices in cooling US housing market
« Reply #4 on: June 24, 2022, 02:45:34 PM »
"Seven regions had significant slowdowns this month, Lennar said. They were: Raleigh, North Carolina; Minnesota; Austin, Texas; Los Angeles, the Central Valley and Sacramento in California; and Seattle. The company increased incentives, such as mortgage rate “buy-downs,” and lowered prices in some subdivisions to boost demand."

Still not relevant to OC, though.

Think of it as a forest fire that starts somewhere else and then eventually gets to your house :-)

No concern at first but then you will be breathing in the smoke.

I have no doubt that the housing price drop will come to OC and Irvine soon. However, I'm not planning to move out of my house any time soon. Or any time for the next 20-30 years, so I have absolute no concern at all, regardless.

Offline Liar Loan

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Re: Big builder Lennar cutting prices in cooling US housing market
« Reply #5 on: June 24, 2022, 02:55:17 PM »
Lennar groups LA/OC as one market on their website (which also includes the IE), so it's not likely the CEO was excluding OC from the "LA region" on the earnings call.

 

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