Walmart’s motto is "Always Low Prices." I suppose then that with home prices falling, this move almost makes sense:
Not only can you buy furniture at Wal-Mart, but you can now shop there for a house to put it in, too.
Phoenix’s Metro North Realty opened a sales office inside the Peoria Wal-Mart at 7975 W. Peoria Ave. last month in the midst of the major downturn in the real-estate market.
It is the first residential real-estate company in the state - and one of a handful across the country - with a contract allowing it to advertise and sell properties from within Wal-Mart stores, Wal-Mart spokesman Daniel Morales said.
Daniel McCarthy, Metro North’s Peoria office manager, said he expects the mega-retailer’s heavy foot traffic to translate into increased sales, giving the company an edge over other real-estate companies using traditional sales methods.
Some market analysts call Metro North’s move another drastic measure taken to sell homes in the midst of the housing slump.
