Home sales decline again, days of flipping are over ... for now

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PHOENIX -- The numbers are in and last month showed a 22 percent decline in the number of homes purchased.

Scott Pasmore sat down with Bob Bemis, CEO of Arizona Regional Multiple Listing Service, to talk about the huge decline and what it means for potential home buyers and current homeowners. He said the days of flipping homes for profit are probably over, at least for now.