Real estate agents are dropping like flies, lenders are closing their doors left and right, and inventory of resale homes is as high as the anxiety of their sellers.
But perhaps nothing is as dramatic as what is going on in the world of new-home builders. Prices at new-home communities aren't the only things being slashed. Staffs are taking a hit too. Layoffs and "staff reductions" are the surest sign that homebuilders are feeling the heat of the market.
So what does that mean for buyers? A lot, actually. The combination of low rates, standing new-home inventory, and itchy-trigger fingers on the part of builders makes this a smart time to buy new. All you have to do is persuse the weekend real estate section of the newspaper to see how you can turn the builders' new-home dilemma into your new-home dream. Want stainless steel kitchen appliances? You got 'em. A landscaped backyard? It's not out of the question. Zero down payment or a bought-down rate? Very likely. A brand-new car with driver? Hey, you can ask.
The point is, almost nothing is out of bounds when the market's in poor shape. You can turn the builders' pain into your joy. Ask, and you may receive.
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