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November 28, 2005

All Business: Rosy Realtor outlook a little perplexing

  • Says one economist: "It's sort of similar to if the Nasdaq had put out a bullish report on tech stocks in early 2000."
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — When real estate agents try to sell a home, they often zero in on the positives — big closets, great space for entertaining, lots of potential to expand — and hope everything from creaky floors to dated appliances gets overlooked.

    It's the same tactic that the trade group representing many home sales agents, the National Association of Realtors, appears to be using right now: It asserts in a new report that a healthy housing market is here to stay and prices won't likely decline.


     
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