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Is housing trending or spiraling?

from By Michael J. Berens

Could this be the year the housing industry finally reaches escape velocity from the tenacious pattern of monthly yo-yoing of advances and retreats in buyer activity? Building upon a promising beginning to the year, the industry ended the first quarter on a high note. Consumer confidence also increased in the same period. Yet, despite strong buyer interest, the industry confronts a number of challenges that are thwarting its momentum, keeping it turning in circles rather than moving forward. more

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