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The sellers in the homebuilding industry have been "desperate" to sell their houses and are thus cutting their prices, Jim Cramer said on his "RealMoney" radio show Thursday.
Buyers who have been waiting for these price cuts should now be ready to buy, he added.
Homebuilders cannot finance their inventories so they continue to cut prices until they find buyers, which is what is happening now, Cramer said. ...
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