Mixed signals keep housing market in check
from By Michael J. Berens
For real estate agents, February was a relatively good month. For homebuilders, it was disappointing. Consumers were happy to find extra money in their paychecks as the new tax laws took effect. Prospective homebuyers were concerned about impending mortgage rate hikes and escalating prices. All in all, it was another seesaw month for the housing industry. On the plus side, existing home sales rebounded by 3 percent after two months of declines of over 3 percent.
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