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Pending Home Sales Plummet

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Services for Real Estate Pros

According to the National Association of Realtors, pending home sales have plummeted 30% since the homebuyer tax credit expired. This fall comes after three periods of solid increases.

Though the closing deadline for the tax credit was extended to September 30, with no government money to entice people to the deal, price negotiations between buyers and sellers are going to increase. This will ultimately reduce the number of sales as buyers find it harder to get a... (Click here to read the rest of this article about pending home sales)

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