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Pending contracts jump 10 percent in Naples as home sales increase across country
Nine hundred days after putting their house on the market, Andrew and Jane Palestini were beginning to think they might be stuck in Iowa forever.
The looming expiration of the government’s housing tax credit pushed them into action. They dropped their price by an additional $10,000, to $235,000. Somewhat to their shock, a buyer emerged. The house is now under contract.
”I can’t feel happy,” said Palestini, a retired administrative law judge with the Social Security Administration. “Just relieved.”
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