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Existing-Home Sales on Track for Further Expansion in 2016

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SAN DIEGO (November 13, 2015) – Following the housing market’s best year since the recession, existing-home sales are expected to increase in 2016 at a moderate pace; although affordability pressures from inventory shortages and rising mortgage rates could slow the potential for even stronger sales momentum, according to an economic forecast forum here at the 2015 REALTORS® Conference & Expo.

Lawrence Yun, chief economist of the National Association of… Read More

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