Local Market Observations!

What do you see in your housing market this weekend? Price cuts? “James Matey, a Cape Coral builder, leans on the granite counter of an empty riverfront house he built for New York real-estate marketer Ted Kurz. Mr. Matey says the 5,139-square-foot house, with five bedrooms, wood-coffered ceilings and river views, was advertised at $4.2 million three years ago. The asking price is now $2.4 million — which covers only the cost of land and construction.”
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Original Source: thehousingbubbleblog.com

  29 March, 2008| housingblogs | @ 17:30

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