Google
  Web shaunsre.blogspot.com   

Thursday, October 26, 2006

Sick Days

I've been sick the last couple of days with a bad cough that has prevented me from sleeping for the last two nights. Needless to say, I'm in no shape to do any sort of real estate deals right now. I was able to see a doctor yesterday and got some medicine, so I should be on the road to recovery. Of course, the prescription cough medicine has codeine so that knocks me out a bit too.

I saw on the news today that new home sales are up for the second straight month, but prices are down. Builders are giving massive incentives and lowering prices to move their inventory. Some people point to the sales increase and claim the housing decline has bottomed, but I have my doubts.

3 comments:

Steve said...

As evidenced by my latest blog entry, builders in my area are INCREASING their prices at a record pace. Of course, this is in central Texas where we've been immune to wild appreciation rates the last several years.

Andviv said...

In the east cost builders are offering one and some times two years of no mortgage payments to those that buy their properties. Maybe their properties are plainly overpriced in at least two-years-of-mortgage-payments ????
I agree with you, this is not the bottom yet.

Trisha#1 said...

Get better, Shaun! I want to read about your next deal, but I can wait! ;-)

© 2006 Shaun | Site Feed | Back to top