Home Front: Fewer empty new homes means supply, demand in balance
ShareThisBy Jim Wasserman
Published: Friday, Apr. 10, 2009 - 12:00 am | Page 1B
The first quarterly report on new-home sales in the Sacramento area during 2009 is in – and there’s one good sign amid a new low of 699 sales in January, February and March.
Excess supply – houses built or almost built without buyers – are back to lows last seen in mid-2004 and early 2005, the height of the buying frenzy.
The tally as March ended was 1,159 empty houses in El D... Read more