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Originally Posted by Pairadocs

There's also that old saying in the real estate business: it doesn't matter what the owner thinks his/her property is "worth", or what the agent thinks he/her can "get". They all sell eventually regardless of the market, when they are priced at an amount someone will pay ! The amount someone is willing to pay is the only genuine "valuation" of most anything, land, home, auto, or household item !

And part of the calculus of a home buyer is the lending rate which will stubbornly stick around for a while. Inflation stats for January show a rate of 2.9 percent and more than 50% of the homes purchased here are financed through a mortgage. Dr. Horton has managed to skirt this a little by offering tiered rates for their new construction sales.