February 4, 2009

What would it take to get home buyers off the fence?

"Stuck with bulging inventories of homes, builders might offer packages of special financing, price concessions, lower down payments and perhaps application guarantees.



If you'd love to purchase a new house but you're sitting on the fence, what exactly would it take to get you to buy? Mortgage rates lower than today's 5% range? Smaller down payments? Below-market value pricing? Special amenity packages? Or a big tax credit?
"
(2009-2-1)

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