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Two local developers aiming high in a down market.

Publication: The Register-Guard (Eugene, OR)
Publication Date: 30-OCT-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Two local developers aiming high in a down market.(Real Estate and Housing)(One is bypassing overstocked builders and pitching his luxury subdivision directly to individual buyers)

Article Excerpt
Byline: Randi Bjornstad The Register-Guard

SPRINGFIELD - Rather than selling the lots in his latest subdivision to builders, developer David Corey is looking to individual buyers to purchase the upscale home sites in Legacy Estates, south of the Mc-Kenzie River in the Hayden Bridge area of north Springfield.

"Most of the time, developers sell lots in subdivisions like Legacy Estates to builders, but with the housing market the way it is now, too many builders have too much inventory, and they're not looking for more," Corey said.

Corey, a full-time mortgage broker with Certified Financial Services who runs his own development business on the side, remains confident that good lots in good...

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