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Disasters not deterring homebuyers, builders

from By Michael J. Berens

Hurricanes, floods and wildfires did not sideline homebuyers last month. Consumers are feeling more positive about the economy in general and the housing market in particular. With prices stabilizing somewhat and an increase in homes for sale in some areas, those with means are snapping up properties as they come available. The biggest gain was in new home sales, which are benefiting from the continued tight inventories of existing homes on the market. more

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