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Builders' 3rd quarter earnings reports are in, and it doesn't look good for them.  Some, as seen in this article report losing 2/3 to 3/4 Billion dollars in 2007, and seeing record cancellations of existing orders for the quarter.

This is bad news for builders, but not necessarily so for buyers.  Clients of mine bought five new homes in 2007 from 3 different builders.  Each of them got extra upgrades or discounts or both.  When the market turns around (as it eventually will), they stand to gain a lot of equity in comparison to those who bought at the builders' regular prices.

Call me if you are thinking about buying a new home.  I can represent you as your agent and the builder will love paying me to do it.  They need the business and welcome Realtors bringing in buyers.