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Why Slower U.S. Home Sales Signal a Good Recovery

Sales of previously owned homes may have slowed, but don’t take it as a sign that the housing recovery has hit a bump. On Monday, the National Association of Realtors reported sales fell 1.2% in June from the previous month; it warned higher home prices and mortgage rates could hit buyers in the coming months.

via Why slower U.S. home sales signal a good recovery – The Term Sheet: Fortune’s deals blogTerm Sheet.

 

 

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