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Developer offers two-for-one house deal

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A Southern California developer is using a popular retail sales tactic in an effort to unload new-home inventory in a struggling market: Two houses for the price of one. Escondido, Calif.-based Michael Crews Development has extended the promotion -- originally set to end on May 31 -- through the end of June. The company is offering the promotion to buyers of high-end homes -- with an advertised price of about $1.6 -- in the San Pasqual Valley, about 30 miles north of San Diego. Three homes at the Royal View Estate development are eligible for the two-for-one offer, in which the developer will toss in a home with a $400,000 price tag at its Cityscape neighborhood in downtown Escondido. The homes in the Royal View development are single-level estate homes on lots that are two acres or larger, and the square footage of the homes ranges from about 3,500 to 4,200 square feet, with four bedrooms, four bathrooms and garages with up to a six-car capacity. The Cityscape develop...