Housing Fire Sale in Idaho

Posted: October 12, 2007 at 12:42 pm by Somesh

Idaho Statesman Reports :

“CBH Homes Meridian sales center reported selling six homes in the first hour of its “Deal of a Lifetime” which started Friday morning and continues through this weekend.

Mega homebuilder Corey Barton hopes to push potential homebuyers off the fence by reducing prices on 200 Treasure Valley homes by up to $70,000.

Barton’s heavily advertised sale is the latest — and perhaps most visible — sign of the Treasure Valley’s struggling housing market. As in other markets nationwide, builders here are slashing prices and adding amenities to lure buyers.

If all 200 homes sell this weekend, Barton’s inventory of 470 unsold homes in Ada and Canyon counties would be cut by 43 percent before property tax bills go out in early November.

Not every sale home will be discounted $70,000. Barton declined to say where the discounted homes are, and he gave no details about how discounts will be meted out.

But he said lists will be available at CBH’s sales centers this weekend.”

Click here for CBH Homes Website and Sale Info

Millenum Tower - Yet Another One…

Posted: October 10, 2007 at 9:16 am by Somesh

This is the Millenium Tower on Fremont & Mission in San Francisco.

58 Stories of Luxury Condos, will be open for occupancy next year.

The developer of The Californian (not yet started), just a few blocks from here may be getting cold feet.