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Published: Thu, 29 Oct 2009
Description: John Hall Jr. of John Hall Homes on the state of home prices and sales.
Automatically Generated Transcript (may not be 100% accurate)
" Home sales took a hit last month that hasn't stopped some builders from. Moving forward yet Jeff Flock."
" Is with the family run business just may be turning around Jeff. -- we're touring at this hour data is that their model here one of the models of the attraction has begun to have but I want to throw their beauty. -- know how much the average -- should say the median price of all. About new home is in the country right now in September look up those numbers are run downstairs get to the holes. The number. For a median price for a new home. All what's 204000. Dollars almost two -- 5000 dollars bet down 2.4 5% in August down 9%. I -- from August 09% from last September. Declining prices not good job song. Now -- now there's something that you have to live with a market like this but they definitely have been the good helped any at hand you reduce the price on this home it may be bought tourists around a little bit. How much. We actually average and we built -- eight when he nine was that we get a contract and it -- go through. And we're now asking 699 for the home and real quick Josh. Just to to we throw up real quick the numbers you would. The first guys to get up all permit in nine months in this county. -- who are dispensed. To me is that the first one and actually -- fourteen months without a -- ground so it's been quite. Relief it's it's turned around at least sell those bad numbers yesterday guys but to better numbers today want to for a quick thing before we get away. They -- a guy who signed a contract are two million dollar home Bernie Madoff got their money they had to cancel contract."
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