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Affordable New Home Prices Nearing Limit
And new home price listings are forecasted to reach $300,000 by year's end."The high home prices are the result of rising land costs," says Tom McCormick, president of Astoria Homes.
..."The high home prices are the result of rising land costs," says Tom McCormick, president of Astoria Homes.
They're still going up, but not at the same rate as before," McCormick
Tom McCormick ...
President of Astoria Homes
It took a major housing slowdown to bring Tom McCormick to Las Vegas, and now the president of Astoria Homes knows what it's like to cope with one when he's in charge.
The 46-year-old McCormick
has lived in Las Vegas for 16 years and has been part of the community's housing boom.
Growing up in Southern California, McCormick worked for Dunmore Homes in Sacramento when a military base closing, job loss and economic slump hurt the industry and prompted his departure from the company and into a role as a consultant.
McCormick came to Las Vegas to work for Pageantry Homes as vice president of finance before moving to Astoria Homes, a private builder he co-founded in 1995.
"My goal and life's ambition was to be a homebuilder," McCormick
wife, Cristen, have four children.
McCormick tells us Astoria was ...
McCormick tells us Astoria was helping the property management company maintain Hillside's pool and park before they lost the property.
Now, that money isn't coming in, and the community areas are really suffering.
says "this is not your typical neighborhood where you can take it over and just let it sit."
Astoria President Tom McCormick responds to the statement saying, "we told them what was happening, we told them this thing is going to need some maitenance and they said well again, we'll deal with that when it happnes.
Remarkably Low Prices Bringing Buyers to Market | Red Clay Media - Direct Marketing Blog
"Buyers are coming back into the market," Tom McCormick, president of Astoria Homes, said in a Bloomberg Television interview last week.
ASTORIA TOUTS 2007 ENERGY STAR SUSTAINED EXCELLENCE AWARD
"The Sustained Excellence Award is an honor that is growing in significance each year as the ENERGY STAR program continues to expand into more and more markets nationally," said Tom McCormick, president of Astoria Homes.