Chitownproperty

A sampling of news articles on the real estate market this week. In a word: sellers, bad; buyers, good:

• So what’s the incentive? Builders ask - Mary Umberger says builders are cutting back on some of the more ridiculous $70-80,000 incentives they had been throwing in to entice buyers. Builders are more likely now to tailor incentives to a potential buyer’s needs, like financing or home sale contingency options.
• Realty group says it’s time to get off sidelines and seek bargains - Buyers market, right? Sort of. There are deals to be had in this market, but the looming recession means that fewer people are willing to buy anyway.
• Housing: No room for bulls - Unfortunately, the Wall Street suits aren’t optimistic about the market picking up anytime soon either. Again, good news for buyers, if you’re in the market, but seller might face another few tough months.