News Watch: October 5th, 2007
I have been hearing for a few months now that some publicly traded home builders are near the brink of bankruptcy (Beazer, KB Homes, etc) while others are currently undervalued and poised (Toll Brothers) to pop when the sector begins to recover. Who do you beleive in? Are there homebuilders that will survive the current credit crunch, especially amongst the ranks that are currently writing down land ownership at an astounding rate? I see consolidation coming ahead amongst the national home builders coming soon but then again I also thought that Yahoo would go to $400 and I would have retired by now some 7 years ago. Only time will tell.
News to view:
Real estate agents looking to add video to their listings can turn here.
Campbell Law School relocating to downtown Raleigh.
Civil law suit filed against Cary regarding unjust school impact fees.
Top selling subdivisions in Raleigh and…. Wakefield is not #1.
Renters are losing ground across the country.
Mortgage rates are easing around the country.
Minority ownership falls in 2006.
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