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2013-03-22 — bloomberg.com
The quick deal is a contrast to Geithner's attempt to sell his home in New York's Westchester County in 2009, which ended with him renting the house out. U.S. home demand is rebounding as employment improves and buyers seek to take advantage of low mortgage rates, while inventory is tight. In Bethesda, there's about a 1.5-month supply of houses listed for sale, compared with a six-month supply in a normal market, according to Mark Butterfield, owner of Re/Max Realty Services in Bethesda.
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