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The news Monday from the National Association of Realtors was bad enough: Sales of existing homes fell in July to their slowest pace in five years. The glut of homes for sale is at a 16 year high. The median price is down a record 12th month in a row.

What's really grim, though, is this: None of the figures reflect this month's turmoil in the mortgage market. Which is why the numbers will likely be even worse in coming months.

Edited by dog

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The news Monday from the National Association of Realtors was bad enough: Sales of existing homes fell in July to their slowest pace in five years. The glut of homes for sale is at a 16 year high. The median price is down a record 12th month in a row.

What's really grim, though, is this: None of the figures reflect this month's turmoil in the mortgage market. Which is why the numbers will likely be even worse in coming months.

have you got a link

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Good link

I enjoyed this one from the classic, and much under appreciated, Inland Valley Daily Bulletin.

Their article on how to sell a house includes great tips such as drop the price, give the buyer money, pay the buyers mortgage...

I hope we'll shortly see this sort of article in an English paper. :)

link

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ReggiePerrin Posted Today, 12:33 AM

Their article on how to sell a house includes great tips such as drop the price, give the buyer money, pay the buyers mortgage...

Reggie, this has been going on already for sometime over here especially for new builds .... one quick example --> LINK

Redrow’s latest offer is to pay £500 per month towards the mortgage for one year on selected plots.

There are many similar offers in my local for new builds including paying your mortgage for 12 months. Good technique, keeps prices looking high and indices up.

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Reggie, this has been going on already for sometime over here especially for new builds .... one quick example --> LINK

There are many similar offers in my local for new builds including paying your mortgage for 12 months. Good technique, keeps prices looking high and indices up.

...the surveyors are on to it and lenders going forward will be lowering their mortgage offers ..... :o:o:o ..this was 'OK' in a rising market but suicide in a stagnant and falling market..... :(

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