The homebuilders' annual Lake-Sumter Parade of Homes

Full story: Orlando Sentinel
Despite the persistent slump in housing starts and sales, the Homebuilders Association of Lake County is upbeat about this year's Lake-Sumter Parade of Homes. Full Story
Calvin

United States

#1 Feb 22, 2008
""Builders have reduced their prices, they won't go any lower," she said."

Yeah right, famous last words, like "Real estate prices always go up". Enough said.
lou

Saint Cloud, FL

#2 Feb 22, 2008
The person who said they wont go lower is lying. If you buy one of these houses it will be worth a lot less than what these builders will be selling them for in several months.
what-once-was

Stockton, CA

#3 Feb 22, 2008
"Builders have reduced their prices, they won't go any lower," she said.

..Uh,yeh sure. Why don't we revisit them in about 6 months. I'd bet my boots they will be dropping,and dropping until they can hook some last fools.
Every bull on wall street ahs now given in,and admits housing will be dropping until late 2009. Why would you buy now and have your price drop further? There are another 1.8 Million arm's resetting this next year...They will be going lower...bet on it.

http://thehousingbubbleblog.com/index.html
mikrofon

Corning, CA

#4 Feb 22, 2008
"Right now, basically there is a lot of inventory,"...said Jean Kaminski, executive director of the Homebuilders Association of Lake County..."Builders have reduced their prices, they won't go any lower".
Isn't it just great! This IDIOT has just re-defined the Economic fundamentels of Supply and Demand. Someone as stupid as this should be sent to Washington.....Oh but wait, I think we've already got several hundred of them there already!
Sean

United States

#5 Feb 23, 2008
"Upbeat" Yeah right. Real Estate brokers are thieves. This market is in a depression. Homes are and will be worthless for years to come. DO NOT LISTEN TO THESE SHYSTERS. They are the one who started this mess in the first place.

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