I wonder if local builders will employ these tactics?As the housing slump drags on, some builders have a deal for potential buyers: Sign a contract, and if the cost of comparable homes drops before closing, you get the lower price.Localizing the national pending home sales index for Charlottesville/Albemarle – 2007 – 80 residential properties went under contract – 22% fewer than 2006.2006 – 1032005 – 1122004 – 1372003 – 103For a better analysis visit CR, with the fun quote – “The NAR forecasts are always amusing.  The recovery is always just around the corner!”  Can’t you just smell the credibility?Good job, Northern Virginia Association of Realtors.  Way to alienate your members.

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