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Wednesday, August 25, 2010

Low prices and rates can't slow fall in home sale

Home prices in abounding genitalia of the country scream bargain, and mortgage ante haven't been this low for decades. So why are houses beyond the nation sitting on the bazaar for so long?

Sales of ahead active homes in the United States fell 27 percent in July, the weakest assuming in 15 years, the National Association of Realtors said Tuesday. It was the better account bead in the four decades that annal accept been kept.

Potential buyers are afraid because they anticipate home prices still accept added to fall. Potential sellers — those with the abdomen to put their homes on the bazaar at all, anyhow — are afraid to lower their prices.

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