According to the National Association of Realtors for the last quarter of 2011: U.S. homes sales rose 5.9% in 2011 but home prices continue to fall National median home prices fell 4.2 percent to $163,500 Distressed sales made up 30% of transactions and were sold at discounts averaging 15% to 20% 33% of homes sold were purchased by first time buyers 19% of homes sold were purchased by investors 21.2% fewer existing homes were available for...
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