6 comments

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  LBRez

  1 year ago

  Some items of interest in the housing industry: KB Homes posted a pretty significant loss in 2007 ($900+million) and paid their CEO a $6million bonus. New home sales usually drop first and fastest since they are on the outer rings of urban/suburban areas and the builders can drop the prices on new stages to move the inventory and payoff the dirt. Most builders have been building on land purchased long, long ago and the last several years their profits have been huge given the relative cheap dirt they locked in. Median prices have fallen because the homes that are selling are 1st time buyer type properties, condos, etc. and the upper ends of the markets are not moving or even being listed. Most of the foreclosure defaults are falling around the median area prices which leads to that line moving down. Even with the troubles in the sector the last half of 2007 more Americans experience homeownership now than ever before. Finally, the subprime market consists of less than 10% of the new loans funded in the past 4-5 years for the country.
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  Roy

  1 year ago

  No it really is a good time to buy. Interest rates are so low again, it almost makes real estate affordable, at least the below market value Foreclosed Houses.....
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  Kathy

  1 year ago

  It is a good time to buy. Although the Utah market has not taken the steep spikes that most markets have in the last few years it has come down to a realistic level. See what Utah pricing is doing at KathyOHomes.com
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  Dave Wielenga

  1 year ago

  KathyO, you can plant your flag in my front lawn any time. Do you mind if I ask: are those estates...uhhh... real?
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  rebecca

  1 year ago

  Dave, you fucking pig! Leave the nice Utah lady alone!
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  Theo Douglas

  1 year ago

  You kids play nice.
  Our neighbors on my old street were named O'Homes; I wonder if Kathy knows them.
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