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Essay Details:
Essay text:
In many major cities, the supply of real estate has been behind the demand.
This created and sustained a sellers’ market, which means if there are more buyers than desirable properties prices will rise.
Those properties are no less desirable than they were a year ago, however the credit crisis has reduced the number of potential buyers.
Tougher lending standards may prevent some from qualifying, while others are just nervous about buying property that may continue to decline in value.
Sellers and Buyers
The result is there are now more sellers than buyers, which reverses the relationship...
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