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<p>I am in the market for a new constructed home and was wondering what to do before and after if this happens (ie. the builders slash prices significantly below your price but you haven't yet closed escrow which is holding your deposit). Thought this would be useful for others especially given...

<p>I don't know what kind of research they are doing, but with foreclosures running at a multiple of 2006 when we are only half way thru 2007, and inventories still higher than last year, I'd say it's not rocket science to say we have a >50% chance of home values dropping. </p> <p>57.7%...

<p>>>>How come I always see terrible MLS listing pictures? Isn't it the Agent's job to take and post professional/good looking pictures of their propertys? Wouldn't it be to their benefit? It seems like most homes are requested to view based on the MLS pics.<<<</p> <p>Perhaps for the same...

<p>LL - I hear you. What I was referring to was more down the road when you sell your home. All the older generations I've talked to are glad they bought the biggest most expensive house they could manage at the time and some wished they bought even bigger/more.</p> <p>But anyways...</p>

<p>LL - Thanks for the info. From seeing these behomoth of homes lately come down in the $1M range, I'm wondering if the old adage still rings true - "Buy the biggest and most expensive home you can buy at the time of purchase."</p> <p>Thoughts?</p>

LL - My wife visited Alora. From what I understand, I think the models were open, but they didn't release prices yet.

<p>Well, I've had salespersons that were absolutely no help at all. They had to pick up a brochure which I had in my hand in order to help answer questions. If I knew that, I would've done it myself in faster time. How difficult is it to prepare for work by reading the brochure one is handing...

<p>Talk is cheap as always. </p> <p>I've never been more astounded by the level of arrogance, incompetence, and stupidity held by many in the real estate industry of all the industries I've come across in my lifetime.</p> <p>From David Lereah all the way down to the sleazy loan agents and...

Ah the great divide. aka, the rich get richer and the poor get poorer...

<p>Homebuilders, especially publicly traded, can be extremely agressive in their pricing. What has taken them 1 year to take the prices down 20-30% would have taken stubborn resellers 2-3 years at least to reach realization (ie. that the market is bad, that their 5% price cuts every 6 months...

arctichaze - so quick math puts that at basically at a $35k incentive or so? not enough!

<p>The $25M was an extreme example to make a point. But actually it is not.</p> <p>In 92651, I see homes for sale priced from $67M to $800k.</p> <p>So, do you understand now?</p> <p>...</p>

<p>Both average and median have it's flaws, but the median is more representative of housing prices for the general public. If you have a $25M Laguna Beach home as a data point, it will heavily skew the average but it would not skew the median as much (if you don't understand why you need to...

awgee - wow, an re agent with some gumption. who woulda thunk!

<p>Ron Mazzano - "<em>These charts are so mis leading so that they are useless. The most misleading stat is that John McMonigle, the world leader in the sale of homes with in excess of $600,000,000 sold volume in 2006, is shown in the lowest chart. If the stats are to be published, get them...

<p>One thing I'm trying to figure out is if now is a bull trap in this housing market. I mean, it <em>seems</em> like it's a decent time to buy if you can get your price. There is little competition, if your bid is hit you may get a significant discount to a listed price, and rates are...

<p>High end home buyers are usually prime borrowers, so the subprime fallout has had less effect. There is the trickle up effect, and I've seen it, as people I've talked to are ready and able to upgrade their home <em>except</em> they can't because they can't sell their lower priced home.</p>...

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<p>awgee - "Why do folks think that foreign money is more stupid than domestic money?"</p> <p>I don't think foreign money is more "stupid" than domestic money, but I do think foreign money continues to be a growing influence in all our markets. Asia, Mexico, etc - their economies are booming...

<p>LL - the first Marblehead retail centers will be open in mid-2008 including an outlet center, movie theater, restaurants, & hotel.</p> <p><a...