A look at what factors may spell trouble in the months ahead. By Shonda Novak and M.B. Taboada
AMERICAN-STATESMAN STAFF
Sunday, October 07, 2007

Richard and Andrea Flinchbaugh are building a bigger home in Round Rock and are trying to sell their home in the Forest Creek subdivision. It has been on the market since May, and they’ve dropped the price from $525,000 to $450,000. They’re getting worried that they’ll be saddled with two mortgages, now that their new home is near completion.

An investor bought a home in January on Mesa Drive in Northwest Hills and sank a sizable sum into extensive remodeling before putting it on the market in June. It hasn’t sold, and he’s antsy. He recently cut the price by $45,000 to $930,000 and unfurled a giant banner that declares: “Owner says: Bring Me an Offer.” >>>Click for full article

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