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Meritage Homes Corporation Message Board

  • jccalif909 jccalif909 Oct 23, 2009 10:57 AM Flag

    Don't buy the hype, today's home sales stats not good

    The significant statistic:

    "The median price of homes sold in September was $174,900, falling 8.5% from a year earlier led by an influx of distressed properties, which include foreclosures and short sales."

    Home prices are so low already that HBs can't price them at a profit, even with cutting corners. It just gets worse, and with more foreclosures coming every day, we have yet to see the bottom in prices.

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