Monday, April 28, 2008

"In the clear: Real-estate slowdown comes at good time for developer"

"Lot sales in Commonweal's Southern Crescent subdivision ground to a halt last summer, with nine of 22 lots sold since they were first offered in 2006. Harrison said the finicky market for conservation lots in a unique development probably dried up on news of possible oil-and-gas drilling in the area and on the tide of a nationwide real-estate slowdown driven by last year's credit crisis."

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