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Old 09-07-2007, 05:13 PM
superadvisor superadvisor is offline
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Join Date: Dec 2006
Posts: 516
Default Re: new house/apt vs used

Every market is different, take a look here:

http://money.excite.com/jsp/nw/nwdt_...d8rgd2ug0&

[ QUOTE ]
Hovnanian Enterprises Inc. reported another loss in the third quarter, citing continuing problems of credit availability and high inventory.

Four consecutive quarterly losses, a 35 percent cancellation rate, fewer sales and contracts.

The company also said it would slash prices on homes across the country beginning late next week to try to sell off excess inventory.

[/ QUOTE ]
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