Centex Homes – Washington DC – 12 Hour Sale!

  • $100,000 off
  • 100% financing
  • Seller pays all closing costs
  • 9 locations in Virginia, West Virginia, Maryland, Delaware

Poof 28 more developments were just repriced lower overnight.

Obviously there was never a better time to buy. Right?
Then again weren’t they saying ….
There was never a better time to buy some $100,000 ago?

Some propose that the FED will lower rates soon and stop this decline.
Unfortunately

  • You can’t do a refi when you are underwater on your house.
  • You can’t do a refi if credit standards rise.
  • You can’t do a refi at a lower rate if your credit sucks.
  • You can’t do a refi if you are out of a job.
  • When psychology changes there will not be many buyers either.

Mike Shedlock / Mish/