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Down market gives rise to home-swap deals

Frank Nelson:

How the couple resolves the issue could depend partly on the emerging practice of home swapping. Through the website Pad4Pad.com, they are hoping to find someone in Texas or California willing to trade for their 1,600-square-foot, four-bedroom home in a gated community in Highland.

For years people have been swapping homes for vacations. Today, the idea of permanent exchanges is gaining support among disillusioned property owners struggling to sell in a glacial real estate market.

Although the number of completed trades isn't being tracked, interest is such that several home-swap websites have sprung up in the last year and now claim close to 40,000 combined swap listings nationwide. Others appear regularly on Craigslist.org.

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