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.metrohome sales continue decline*
by Emerald
June 2nd, 2008
Sales in September were down 23 percent from a year earlier. Realtors pointed to tighter lending guidelines and sagging consumer confidence.
Despite near-record-low mortgage rates, home sales in the Twin Cities metro area so far this year have been among the slowest in more than a decade, according to data from the St. Paul Area Association of Realtors.
September’s 3,116 closed sales were down 23 percent from the same period last year, while sales from January through September in the 13-county metro area dropped 15.8 percent, the association said in its monthly report.