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Monday, November 3, 2008

Pulte Raises Prices on New Homes

From Realtor Magazine Online, Daily Real Estate News November 3, 2008

After having cut prices for months on many of its properties because of slowed sales, Pulte Homes has announced price increases in some of its new home communities, including those in South Florida, where home prices continue to fall.

A spokesman for Pulte homes says new-home inventory is declining with few or no new homes planned in many communities in the coming years.

"When we look at all of this combined, and how the market has been reacting positively to our offerings, we’re responding accordingly and beginning this Saturday, we’ll be adjusting pricing slightly to reflect this position in the market," a spokesman wrote in e-mail correspondence.

Source: South Florida Sun-Sentinel (10/30/08)

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