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Crude oil prices hold steady Friday
Monday, October 6
Home builders try extras to lure customers
WASHINGTON, Dec. 31 (UPI) -- A glut in homes for sale is prompting Washington, D.C.-area home builders to offer extras to snag customers.
Daniel Oppenheim, an analyst with Banc of America Securities, said he's seen freebies worth up to 5 percent of a sales price.
That includes kitchen upgrades, interest rate locks and coverage of closing costs or mortgage payments.
There are more than twice the number of homes for sale this year than last.
So deals, like a $40,000 break on a $500,000 American University dorm turned condo, are becoming popular.
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