St George Housing Costs
I read the article "New-home sales plunge; weather blamed" at http://www.msnbc.msn.com/id/7044977/ and chuckled to myself because of the chaotic home building and prices in the St George area. The article says home building is way down in the United States this winter (mostly in Northeast and Midwest), but the weather is probably the biggest reason why. My question is how to figure out when it will slow down here and the prices will finally level out. Apparenty there are hoards of Californians coming to Southern Utah and throwing cash around like crazy, but this can't go on forever. It now costs between $75,000 - $110,000 for a quarter of an acre. Will the prices drop back down?
Posted by homer at 3/01/2005 09:53:00 PM