“The hardest-hit real-estate market segment was new homes, whose median price fell 11.6 percent to $574,000 last month, down from $649,000 a year ago. Pulte Homes is offering a week’s free vacation and up to $99,000 in incentives to buyers at its 17 Bay Area developments.”
Why offer a sales price of 574K and a 100K incentive, you ask? Because by doing it this way, it LOOKS like the price is still 574K - on paper.
It might be nice to get into that, but I hope you are planning on staying there for a long time. Refinancing will be a BITCH.
I'm just sayin.
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