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Housing Market Slows as Buyers Get Picky

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LOCATION, LOCATION, BUT NOT THAT LOCATION
"Exacting buyers are upending the battered real estate market, agents and other experts say, leading to last-minute demands for multiple concessions, bruised feelings on all sides and many more collapsed deals than usual," according to the New York Times. "It is a reversal of roles from the boom, when competing buyers were sometimes reduced to writing heartfelt letters saying how much they loved the house and how they promised to eternally worship the memory of the previous owners. These days, it is the buyers who are coldly seeking the absolute best deal while the sellers are left in emotional turmoil."
SOURCE:   New York Times

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