While in Southern California recently, my wife and I toured a new home development project. One of the deals had fallen through on a move-in ready home. The builder thus slashed the price 5% and offered a 4% mortgage to try to move it. The home has continued to sit on the market for over two months, now.
Learn more from Michael Bordenaro: New Home Sales CRASH as Inventory FLOODS the Market.
With Love,
P. Gustav Mueller, author of The Present