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Down here, developers are cutting back on building. They are giving away upgrades like crazy to unload inventory, and reducing prices to boot. Existing home sales are tanking with nearly twice as many on the market as there were a year ago with listing times increased by a substantial amount as well. I do not see why anyone should be surprised. All systems self correct, given enough time.
The Invisible Hand is still at work!!
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Bob S. former owner of a 1984 silver 944
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