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Falling Mortgage Rates Increase Buyer Subsidy But No Longer Stimulate Sales

Saturday, October 1, 2016 21:24
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(Before It's News)

by Lee Adler, Wall Street Examiner

There were two important releases on the US housing market today. One is the widely followed Existing Home Sales report from the NAR and the other is a lesser known but more in depth report from the online real estate brokerage The Wall Street Journal reported that Existing-Home Sales Fall for Second Straight Month,” referring to the NAR report. Redfin’s report took a more positive slant on its data, but it gets more media coverage. Redfin also pointed out, correctly, that calendar factors played a significant role in the August numbers.


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