Another Week - Another 12 hour sale at Centex

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
http://globaleconomicanalysis.blogspot.com/