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This is the kind of real estate news we like reporting….home sales INCREASE by 7%.

Time to celebrate? Not so fast. Foreclosures are increasing dramatically and the overall housing market is showing clear signs of a significant slow down. So much so that leading housing economists are expecting the next few months to be ‘grim’ for home sales.

One thing is clear. Investors ARE buying. Specifically they are buying homes priced less than $100,000. Expect this trend to continue throughout the next 12-18 months.

For market information contact Alexander Realty Group 1.


Posted by Victoria Alexander on September 26th, 2011 4:29 PMPost a Comment (0)

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