Buyers Start to Back
Out of Purchases
By Bob Schwartz, CRS,
www.brokerforyou.com All rights reserved.
Read the excerpt below as another major news
organization reports the FACTS! …..
By Chris Isidore, CNNMoney.com senior writer
February 24, 2006: 2:49 PM EST
NEW YORK (CNNMoney.com) - Home builders are growing
concerned about an increasing number of cancelled new
home orders, which experts say could be a sign of an
underlying weakness in the recent run in home prices.
Specifically, the cancelled orders could be the latest
warning sign that buyers who were turning to real estate
as an investment, rather than for their own housing
needs, are shifting out of real estate. And that could
mean that in many hot markets, the air is about to come
out of over-inflated real home prices overall.
THE AUTHOR Bob Schwartz, is a Certified Residential
Specialist, and a CA licensed
San Diego real estate broker with. Bob has
over 27 years of residential real estate experience,
authored a number of published articles and served as an
expert witness for
San Diego lawyers. You can contact Bob via
his highly popular
San Diego real estate website.
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