$13.41
-0.36 (-2.61%)
KB Home (KBH)
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Homebuilder with domestic operations in the following regions: West Coast, Southwest, Central and Southeast. Also provides mortgage banking services to the majority of its domestic homebuyers through its wholly-owned subsidiary, KB Home Mortgage Company.
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Who needs a new home when you can buy a perfectly good used home for next to nothing. In fact...who can even purchase a home when you can't get a loan? Underperform And How!
Who needs a foreclosed mistreated home when you can get a new build down the road for 10K more. People buying homes these days have choices and KB is not always down the road ... but a lot of the time they are.
Most of the foreclosures are in the entry level or "ghetto areas" of America... we are now starting to see that roll into the mid price areas... additionally, most foreclosures in new home communities are a fricking disaster that have been sitting for quite some time. Alkalix makes a good point, that it is better to buy from the builder with a warranty and zero issues from stagnation.
As far as not being able to get a loan???? If you look at the national data of executed sales in America both existing and new, they are at all time loans but it will still easily be in the low millions... so I don't see how you can equate that no one in America can geet a loan.... Even my drunkard circle of friends, 90% can get a loan today... the ones who can't are unemployed