Archive for June, 2007

I have noticed that all the national news garbage about failing markets does not really apply that much here in our area. Yeah, things have slowed but there is little indication of prices falling. There are a few people that want to list their properties as if the boom was still happening but no real loss in value appears to be happening. Builders in the higher end of the market that started building in the middle to end of 2006 seem to be affected the most with price concessions and time on the market. I would be curious if anyone has other observations?  The lower ends of the market have extremely low days on the market still. Rates certainly are not prohibative. I hear from those in the lending business that the guidelines for some loans have tightened over credit qualifications which is slowing the lending a bit, people that can’t qualify that once did.