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The Longer It Takes To Fix, The Bigger The Impact
Posted on February 08, 2008
It s Friday desk clearing time for this blogger. Median condo prices dropped 24 percent, from $218,000 to $166,500, according to statistics released Thursday by the Coastal Carolinas Association of Realtors. Realtors said the price declines stem from the vast oversupply of homes on the market that s forcing some sellers to slash prices to make their homes competitive. Builders have cut back, but there are still so many [condos], said Brian Cook, a Realtor in Myrtle Beach. The flagellation of Nashville s urban market for condominiums has become a sport over the past few...
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