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Phase 3 Prices effective March 7, 2007 Plan 1 $45,000 credits towards Design Center Plan 2 $45,000 credits towards Design Center Plan 3 $50,000 credits towards Design Center Plan 4 $55,000 credits towards Design Center

This thread started out with the question, "Could this be the lull before the storm?" We are just now seeing the beginning of the storm as the subprime industry is playing out with NEW, LEND (and more to come), and the next remaining to be seen are the homebuilders, namely DHI, LEN, PHM...

Accredited skidded $7.43, or 65.2 percent, to $3.97, its lowest close ever. New Century, now listed on the Pink Sheets, fell 81.5 cents, or 49.1 percent, to 84.5 cents.

excerpts: <p>"Don't think you're going to buy a house from a bank at a discount. It's not going to happen - you're going to pay the same price you'd pay on the MLS.</p> <p> Also, at auction you really don't know if you bought the house you think you're buying. There's no verification or...

"<strong>New-home buyers facing an uncertain market and nervous about purchasing a house that might end up falling in value are demanding more incentives and price cuts from home builders."...

"Prices went up marginally ($2-8k) for this phase." Homebuilders are SOOOOO addicted to this scamming game and seriously think the public is going to buy into this hype (buy-it-now-before-it-goes-up-again-next-phase). Helloooo?? Against the backdrop of rising foreclosures and...

NEW is facing "imminent" bankruptcy...and they are only laying off 300 (out of 7200 employees)? Is this overly optomistic, or will NEW drop the ball?

Analysts warn New Century may not survive <strong> Several analysts agreed Monday that New Century Financial Corp., one of the nation's largest subprime mortgage lenders, likely faces liquidation or bankruptcy following revelations that it's under criminal investigation and in violation of...

New Century faces criminal probe, dropping another 25% in after-hours trading. http://www.marketwatch.com/news/story/new-century-says-faces-criminal/story.aspx?guid=%7BC13DE0D3%2D528C%2D4CD1%2DBAE0%2D73BD1FC7D8F5%7D&siteid=yhoo&dist=yhoo

"If you think a publicly traded homebuilder would rather slow down or stop construction to wait for the market to come back you are crazy." I work for a lender, and yes, the homebuilders are slowing construction to contract supply, and they are still talking about pent up demands in...

Is Beckman just a fancier, newer school within Tustin school district? Still Tustin right?

Excerpt from For Sale By Owner How to prevent paying comimssions after you end a relationship <p><strong>Q</strong> If a real...

"Where do you think the seller gets the money to pay the agents? ... from the buyer." Not always. In a hot market, yes, b/c the seller simply pads up the commission in the listing price. In a slow market, he eats the cost if he wants to market his property competitively, and if he really...

Great article! IMO, too many people and institutions were caught off guard with the abrupt change in the market and are literally left holding the bag. So they send their spinners out there to do damage control, including making statements like, "The worst is over!" (I think it barely has...

All - A listing agent is the agent of the seller, and all others, including the agents who bring in the buyers (called sub-agents of the listing agent) - that is why you see a split in the commission between the listing agent and the sub-agents at closing and why the seller is the...

Buster - usually even after the expiration of a listing, the agent retains his rights to a commission up to a certain time period if the house ever gets sold. The seller should check the listing contract. Does it affect the buyer if it is the seller who is paying for the house anyway...

stillConfused - more than $160,000 drop from the previous month? I think time is on your side. The news is definitely not getting any better for homebuilders, and Lennar will be looking to lower even more, which makes me wonder...if someone purchased at the peak of $1,273,000 (see above...

I think the house is pretty awesome. I don't mind picking it up for $833,500. Anyone here can hook me up for a lowball offer?

irvine123 - a few bushes, a fancy clubhouse can do wonders to a neighborhood. They hide all the imperfections and make people forget about the stuff that makes an otherwise informed buyer shudder.

Fraychielle - I think you may be right. A while back, we sat down to negotiate a price (a reasonable offer, I think, but the builder was holding out hoping for a bigger fool than me). While in the sales office talking to one salesperson, the other salesperson yells out to her, "so and so...