You are currently browsing the tag archive for the ‘M/I homes’ tag.

Small HouseA good story on WSYX-ABC 6 – “Six On Your Side” about toxic drywall from China.  M/I homes faces a lawsuit for possible toxic drywall.  This has the potential to be a HUGE local and nationwide story.

It seems like the story is really flying under the radar.  I wonder why this isn’t getting more media/press coverage?

M/I Homes is the largest new home-builder in Central Ohio. 

http://tinyurl.com/cmlyak

 (Watch Consumer Alert Story)

This lawsuit has the potential to be the largest class action home defect lawsuit in US History!

Stay tuned for future updates and opinions in blog.  A story this big could be a “game changer”!

Be careful out there.

Home Buyer Advocate Mike

AddThis Social Bookmark Button

Central Ohio’s largest home builder announced on Friday losses in the 4th quarter and for all of 2007.  M/I homes is one of  the nation’s largest home builders.  M/I builds a quality a home and is a well managed company.  But, even the best, well- run, new home builders were not immune to the recent real estate market crisis.  M/I Homes has been in business for 30+ years and I’m sure they will be in business for another 30+ years. 

HomeBuyer Advocate Mike

AddThis Social Bookmark Button

Yikes, times continue to be rough in the real estate market, especially for new home builders & lenders.  Yesterday another good builder in central Ohio closed its doors for good.  C.V. Perry & Co. has gone out of business due to serious financial troubles.

C.V. Perry & Co. was a good, solid builder that had been around for 60 years.  C.V. Perry “folding up” was not as unexpected as Centex Homes leaving the central Ohio          New Build Housemarket last year.  Centex Homes leaving our market was a total surprise to many people.  I’m pretty confident that C.V. Perry probably won’t be the last builder in central Ohio to call it quits or to be bought out by a competitor.

Hmmm, let me guess, maybe Dominion Homes might be the next fatality.  It seems like Dominion Homes has been hemorrhaging cash forever and has had a “ton” of lending problems  (see additional links below).  If you are new home buyer in this market please make sure you are protected.  You need to make sure you fully understand your builders deposit policy.  Don’t risk losing your deposit money.  Contact a real estate attorney ASAP if you have any questions.  Good Luck!

Additional info:

Dominion 5.9 million in red for 3rd quarter

M/I Homes post 21.7 million 3rd quarter loss

Dominion Homes sales drop nearly 25%

Beazer Homes report weak earnings

HomeBuyer Advocate Mike
 

AddThis Social Bookmark Button

Buyer's Resource Realty Services 7100 N. High St. Suite 204 Worthington, OH 43085
614.321.9577

Michael Marshall – Angie’s List Super Service Award 2013!

Get Informed Now!

Hip & Cool Counter

  • 100,327 Satisfied Customers!

HomeBuyer Advocate Mike


Representing People, NOT Property in Columbus, Ohio. If you are a home buyer, then you need me to protect you. I can help you get the best price and terms for your next home purchase. You must use a true Buyer Broker! 1.614.805.7607

SEARCH HOMES!

Categories

June 2019
M T W T F S S
« Feb    
 12
3456789
10111213141516
17181920212223
24252627282930
Zillow Home Value Index

Archives

Follow Me on TWITTER!

%d bloggers like this: