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First Time Homebuyer Traffic Significantly Decreases

Survey says that first-time homebuyer traffic decreased in May. This decrease implies fewer signed contracts in June and fewer closed transactions in July and August.

No real surprise here!  And wait till you see the new MLS numbers for the Philadelphia area in August and September.  Remember that the MLS numbers, as with a lot of the numbers, lag the market by 30 to 60 days as they are on closed units not new contracts, which may never get to settlement.

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July 5, 2010 - Posted by | Uncategorized

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