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April 29, 2014

Home sales dip to a 20 month low.

Realtors say the supply is so tight that new construction is needed.
Prices are rising due to cash transactions. Here’s the key that the media will not chase: “The sharpest sales increase occurred among homes priced at $1 million or above. Purchases rose 8 percent in that category. Sales fell in nearly every other price group.” That rise is the only reason the average sold home’s value rose. Only sales band that saw an increase. The plutocrats have it good.
Depression 2.0: Decline is the New Normal

Posted by gerardvanderleun at April 29, 2014 9:54 AM. This is an entry on the sideblog of American Digest: Check it out.

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