With all the sales of distressed homes at huge discounts, it’s no secret that builders are struggling to compete with them. But rather than sit their complaining and moaning, at least one national builder has decided to take advantage of the situation.
Inland Empire Homeowners Sue Builders For Property Value Decline
September 25, 2011 by
A group of homeowners in California have revived a lawsuit in the federal courts, alleging that the value of their homes has dropped as a result of negligent actions by eight homebuilding companies. According to a report from Reuters, the homeowners, who live in California’s Inland Empire region, say that they purchased their newly-built homes
Homebuilders Downgraded by Fitch
September 15, 2011 by
A number of publicly-traded home builders have been downgraded by Fitch Ratings this week, in response to one of the worst years for new home sales ever recorded. KB Home were one of the companies to receive a downgraded issuer default rating, dropping from B+ to BB-, said HousingWire. The company was over-exposed to struggling
