[quote=SD Realtor]Because the builders are seeing strong demand. Two years ago they started a substantial slowdown. Now they have a much slower rollout of phases and the number of homes per phase is smaller now as well.
The resale inventory has also gone down further reducing the homes for people to choose from. The foreclosure moratorium is also reducing the foreclosure stock of homes.
Also as you can see the incentives are very poor as well. [/quote]
Where the money coming from to invest this much in housing? I believe now fewer folks trying to use the chance that is Fed giving (8k and 10K incentives) but still the situation would remain same – that keep knocking down economy further. Having this much house mortgage payments and having escalated commodities – we are not going to any way further. If I interpret correctly our Fed is indirectly trying to make everyone take some borrowing and keep paying a bit high back to them, so that they can show to everyone this is “our Economy”. But finally everyone knows how this end up.
