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Submitted : 2011-05-26 20:48:49Word Count : 870Popularity: 5Tags: houses, real estate, work, loans
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Another worthwhile comparison is the existing stock or supply. Which is also often times stated as the absorption rate. An article from the Country wide Association of Realtors showed the general supply of houses in the US at 1 months, up from 8 months the quarter before. This shows the US as being strongly on the side of a buyer's market, which is commonly described as anything above a 7 month supply. According to data from the Greenville, SC MLS, as of August 8th, 2008 Greenville's furnish was roughly forty four months.
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. As the area commences to decline, assets valuations will drop quickly, and residents will discover it nearly unthinkable to sell their homes.
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