Priceose 30% in 3 months. This is outrageous. No property is worth that unless there is more to offer. Banks. are looking at this, as I am a banker and my collegues may not provide loans for this outrageous jump in price.
This is what got real estate in trouble previously. Askisusng for more because you can to take advantage of the consumer.
For example Beazer homes in Nov. 2l012 have raised their prices 40%. I believe local congressman and investors are being investigated for this.
The jump in the economy is to sell houses and stimulate the economy. Many builders are taking adbantage of the consumer by doing this.