Saturday, February 11, 2012

What would it take to get home buyers off the fence?

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January 31, 2009

Stuck with bulging inventories of homes, builders might offer packages of special financing, price concessions, lower down payments and perhaps application guarantees.

If you’d love to purchase a new house but you’re sitting on the fence, what exactly would it take to get you to buy? Mortgage rates lower than today’s 5% range? Smaller down payments? Below-market value pricing? Special amenity packages? Or a big tax credit?