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The Real Estate Adviser |
November 13, 2008
ORLANDO, Fla. — The motivational speakers included legendary cyclist Lance Armstrong. Two-time Olympic volleyball champs Kerri Walsh and Misty May-Treanor were on hand to autograph pictures. The feel-good giveaways were cuddly toy horses, monkeys and bears. You could even get a cashmere scarf for $10.
Despite the attempts to energize and comfort attendees at the National Association of Realtors annual convention (the theme was “Destination: Success — Full Speed Ahead”), the lousy economy and national housing numbers brought a sobering reality. New and existing home sales have combined to drop more than one million units a year since their peak in 2005, with prices slumping more than 20 percent during that time.
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