[jjdees]

Steve, you're absolutely correct. Here in Atlanta, we have a new phenomena. The few buyers out there aren't even looking at the used market. Unlike some situations in TV where a new house might be cheaper than a used one, we seem to have the opposite here. I've seen new subs all over the place where the properties offered are quite a bit more expensive than comparable used properties. We have a custom built 4 sided brick ranch with 2800 square feet on the main floor and another 2800 finished on the lower level on a 3/4 acre lot in a lake community. I've seen new houses on a slab, 22-2400 square feet and no lot, small garages, selling for 50K more than what we're asking. And, they're selling, not as fast as in the past, but people are buying them. Go figure.