Incentives galore for new US homebuyers
US builders are trying to increase earnings by selling more houses, even if it requires freebies to draw customers
Los Angeles
AS the key spring US homeselling season approaches, buyers are finding deals on new houses as builders focus on boosting revenue.
Dwayne Saunders purchased a house in Eastvale, California, in December, paying US$450,000 after builder D R Horton Inc cut the price by 4.5 per cent, threw in a washer-dryer and covered his closing costs.
This month, the house next door sold for US$404,000.
"It was bigger too," Mr Saunders, an office manager who lives with his family of five, said during an interview in his driveway. "I think D R Horton just wanted to finish this phase and move onto the next one." US builders are trying to increase ear…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery
Asking rents down as demand slows and rental listings surge
Eurozone consumers increasingly struggle to pay for housing
Too many property agents? Cap commissions on home sales