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IPFS News Link • Housing

Home Sales Plunge Again, Falling to 12-Year Low

02-25-2009 • CNBC.com

Roughly two in five home sales are 'distress' transactions where the mortgage company must erase some of the original loan amount in order to complete the sale, said the trade association's chief economist Lawrence Yun.

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Reported By Jack Gregson

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Home Sales Plunge Again, Falling to 12-Year Low

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