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Wednesday, September 15, 2010

Shocking CNBC Headline: “Home Price Double Dip Begins”

Now home buyer confidence is back in the dumps, which is clear from another report out today showing that for the 3rd straight month the percentage of home sellers on the market who have slashed their asking prices at least once has gone up. Twenty-six percent of sellers on the market in August, according to Trulia.com, had lowered their expectations, and hence their prices. Sellers on the market today have cut $29 billion off their collective home equity.
Shocking CNBC Headline: “Home Price Double Dip Begins”

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