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04/25/10
Outlook good, but analysts warn of housing downturn
Filed under: General, Real Estate
Posted by: Lillian Wong @ 2:36 pm

WASHINGTON - The economy is improving, with home sales up, jobless claims down and inflation tame. Yet there are concerns the rebound won’t get much juice from the housing market, which is fueled by government tax breaks.

Sales of previously occupied homes grew by nearly 7 percent last month, more than expected, the National Association of Realtors said Thursday. It was a welcome sign after three months of decline, and a solid kickoff to what’s expected to be a strong spring selling season.  more..


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