Where are these homes you mention? At the end of 2006, I was seeing big BIG discounts all over the place but not so much lately.
Case in point: We went to Talega in San Clemente in December. Saw a nice home priced about $1M, the builder was giving an incentive up to about $150K (maybe more) on the house and I believe it was snatched up for $900K’ish with some rate buy-down included. I called Talega recently (just to track the homes) they are down to their phase and selling models at an average price of $1.1M. I was convinced when I saw all the discounting last year and the beginning of this year that we were about to see higher priced homes go down, but to no avail just yet.
I’m hoping prices come down dramatically, but I just keep seeing people jump on the deals and I imagine many may be prepared to hold. Time will tell.
I’m interested though in knowing where these major discount homes are located, I’d like to visit just to get a sense of where the builders are in their willingness to deal.
