House backlog leads to deals from builders

Add comment November 14th, 2007

At least one area home builder is offering incentives to clear a backlog of unsold units.

Buckley Homes issued a news release Tuesday offering free moving assistance and up to six months of mortgage payments or free upgradses for anyone who buys a home at its Stonehaven development in Rockford or Hawthorn Ridge in Loves Park by the end of the year.

Both are condominium developments which feature show shoveling and leaf raking as part of the deal.

Prices in the two subdivisions range from the $160,000s to the low $300,000s.

The incentives show there is a silver lining to every black cloud. The slumping housing market has been perhaps the business story of the year, with houses sitting unsold for months. Of course, that means there is tremendous opportunity for people who have good credit scores and are in the market to buy.