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Forecast for Housing and the Economy Solidifying, Future Tax Treatment Important

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WASHINGTON (May 16, 2013) – Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment, according to presentations at a residential real estate forum during the Realtors® Midyear Legislative Meetings & Trade Expo.

Lawrence Yun, NAR chief economist, said a multiyear housing recovery is likely. “Steady job creation and household formation have been helping to unleash a… Read More

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