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Housing and Economic Forecast Brightens

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WASHINGTON (May 17, 2012) – Positive underlying economic factors are helping relieve a pent-up housing demand, according to a presentation at a residential real estate forum at the Realtors® Midyear Legislative Meetings & Trade Expo here.

National Association of Realtors® Chief Economist Lawrence Yun said there are many improving factors that are helping home sales. “Historically high housing affordability conditions, ongoing job creation, a solid stock market recovery, rising rents, a larger pool of qualified renters, a pent-… Read More

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