ATLANTA, GA – September 16, 2010 – (RealEstateRama) — The seemingly precipitous drop in July existing home sales, while alarming, was not unexpected, says Ron Peltier, Chairman and CEO of HomeServices of America, Inc., a Berkshire Hathaway affiliate (www.homeservices.com) and the nation’s second-largest, full-service homeownership service provider.“Our Pending Sales numbers for May and June reflected an inevitable slide after the government incentives came to an end this summer,” said Peltier in a statement to the company’s more than 15,000 sales associates. “The positive uptick in July Pending Sales gives the market hope that consumers are beginning to move past the purchasing-paralysis that set in as government incentives came to an end this summer.”
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