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30 Apr 08 New Homes – April 29, 2008

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New Homes, G Alert Rundown

It is all doom and gloom… or at least it seems… could they not find just one positive? Something to hold onto… ah it’s not so bad, these 2 articles could be worse…

Vacant Homes set a record high first quarter, as 2.9% of U.S. homes are vacant and for sale. In addition, new homebuilders continue to try to stimulate sales by slashing prices and increasing new home purchase incentives. Did I mention that overall inventory problems are getting worse? Read more statistics and the article Vacant Homes Set New Record High in First Quarter at money.cnn.com.

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