Condo builders opting for solid contracts now: “Condo builders opting for solid contracts now
JACKSONVILLE, Fla. — Sept. 11, 2006 — In a time rife with speculators and moderate construction costs, developers nationwide took reservations for their condominium towers years in advance, requiring buyers to make only a several-thousand-dollar deposit to reserve their purchase.
Now that both the real estate and construction markets have changed, developers nationwide are taking a different line: No reservations accepted. Read the full post. Read more... (84 words, 0 images, estimated 20 secs reading time)
A humbling lesson for Realtors’ president
By Sandra Fleishman Washington Post Staff Writer
Saturday, September 9, 2006; Page F01
WASHINGTON — Sept. 11, 2006 — He, of all people, should have known better.
The president of the National Association of Realtors (NAR), Thomas M. Stevens of Vienna, admits he didn’t follow his agents’ advice when the real estate market started to cool. That, he says, is why his old house in Great Falls has now been on the market for a year at the price of $1.45 million. Read the full post. Read more... (103 words, 0 images, estimated 25 secs reading time)