The news today that new home sales have fallen to their lowest level in more than 50 years is really no surprise to most home builders. The market stinks. That's in large part because people who want to buy new can't sell the house they already own. Not everyone is going to roll over and play dead - yesterday I got a note from a Twin Cities-based builder who says that he'll buy your old home when you buy new, or he'll guarantee the rental of your home for up to six years.
Sounds like a pretty good deal, doesn't it? Have you found your own clever "trading spaces" solution to the housing log jam? Tell me about it by sending a note to me at jbuchta@startribune.com
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ThreeSixty Journalism
ThreeSixty Journalism is leading the way in developing multicultural storytellers in the media arts industry. The program is a loudspeaker for underheard voices, where highly motivated high school students discover the power of voice and develop their own within ThreeSixty's immersive college success programming. Launched in 1971 as an Urban Journalism Workshop chapter, since 2001 the program has been part of the College of Arts and Sciences at the University of St. Thomas.
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