Industry News

Signs of a slowing real estate market

Listings inventory grows; sellers reduce prices
Published on Sep 6, 2005

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by CareyBot

For Shawn Fernandes, it's the quintessential double-edged sword.

Not only did Fernandes and his wife find a new house in anticipation of the birth of their first child, but because of the large inventory of existing homes on the market, they purchased the residence, located in Scituate, Mass., south of Boston, for below its assessed value. 

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