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Real Estate Briefing - Categorized | Americas, Emerging Trends, People more

Can Obama keep up with falling home prices?

Posted on 29 June 2009

From CNN: Good news or bad news? The National Association of Realtors reported Tuesday that 33% of May existing-home sales were distressed (read: foreclosures and short sales) and the median sales price is now $173,000.

If you’re employed by the glass-half-full NAR, you need to spin that as good news, and the eternal optimists did not disappoint. The trade association pointed out that the share of sales that were distressed has declined from the 45% rate in April……..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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