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Usually, September is a great time for the real estate market. But, surprisingly that is not the case this year. According to data provided by StreetEasy.com on the properties gone into contract in September and October, the numbers are notably flimsy compared to the data from 2009.
The cause of this unusually weak market is unknown, and one cannot figure out the real reasons till the data for the next few weeks is known. This could be because of the high unemployment rate, the slow growth of the economy, and foreclosure uncertainties.
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