Both Pienza and Maybeck said they would have price increase in next release (Maybeck says $10K increase). With so much news coverage on subprime problems/declining sales, I believe recent buyers are well educated on the market condition and will have no problem riding out the down market, I think we’ll see less and less falling out of new home contracts because the builders ask for bigger deposits. I asked the sales persons in both Pienza and Silhouette, the number of contingent buyers are small. I’ve somehow lost confidence in that we’d see a $80K-$100K price drop again like we saw in the last 6 months in 2006 in 4S ranch for 3000+ houses. Rent is not much cheaper than mortgage. Builders lead the price drop. It’ll take a few years for the resale homes to be comparable to the new houses, by then who know what may happen, the inflation may catch up and the expected price drop may not have materialized.
Tied of checking out market news every day, guilt of wife pressure, will buy new soon, even if the price is going to drop $50K or $100K in the next a few years.
