Region’s Homebuyers Spending More, Taking Longer

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(Washington Examiner) — House hunters can afford to be picky this summer.  With more time and money on the buyer’s side, the region’s house prices are rising largely because fewer homes are selling for more money compared with last year, when first-time homebuyers on tighter budgets and lured by incentives flooded the market. “During the tax-credit period … you saw the lower end of the market see a disproportionate level of activity — that brought the overall market down,” said Jonathan Miller, president and chief executive officer of real estate consulting firm Miller Samuel.

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