April 2008

For the time being, take a look at the LAT article that accompanied the graphic (see "Shaken Consumers Clamp Wallets Shut"), which somehow prophesies the imminent end of American consumers'

There's action in a few parts of the Sand Section. Not sales – no new ones since April 15 – but action worth a look.

First, as we go to press (?), SFR inventory in the Sand Section is at 40,…

There are several more new homes of comparable size (3200-3400 sq. ft.), many newer to the market, currently priced between $2.3m-$2.7m. As always, there are adjustments to make for location,…

Still, if a sale closes in that range, you have to imagine that the builder still clears a tidy profit. The lot was purchased for $1.8m near the peak in Sept. 2006 – a warning sign. But if…