Industry NewsMarkets & Economy

Price drops driving real estate sales spike

Buyers remain worried about financing, further price declines
Published on Mar 16, 2012

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by CareyBot

Growth in home sales appears to be driven by the willingness of sellers to lower their prices rather than a broad-based increase in demand and buyer confidence, according to an analysis by real estate data and analytics firm Radar Logic Inc.

In "Housing is a Buyer's Market," the company analyzes price and sales trends in the nation's 25 largest metro areas.

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