We suspect the future of this market may unfold similarly to the recent slowdown in Washington, D.C., or a situation similar to the events that transpired in Las Vegas a little over a year ago,
We suspect that the company was forced to utilize significant incentives in order to achieve this level of order growth.
As prices have stagnated since August, inventory levels have continued to grow, as we suspect an increasing number of speculators are placing their homes on the market.