Articles tagged with: interest
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By now, just about everyone following the housing market has heard that sales have declined over the past couple of months.
That’s no surprise as people wanting to take advantage for first time and repeat home buyer tax credits had until the end of April to get houses under contract. Lawrence Yun, the chief economist for the National Association of Realtors, confirmed that pending sales fell dramatically as soon as May started and predicted that markets will struggle for a bit.
In other words, when the government quit paying people to purchase …