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Jun 24

Lack of Inventory Spurs May Existing Home Sales

Wednesday, June 24, 2009 | Comments Off

NAR Housing Recovery Image
NAR May 2009 Existing Homes Sales Data

NAR report credits interest rates, $8,000 tax credit, affordability, and distressed properties for the increased sales but the fuel for this fire is coming more from the lack of affordable homes causing a flurry of multiple offer activity on the sparse inventory in our area.

Read NAR report: REPORT

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Posted in Brokers Opinion

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