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Home sales fall, but analysts still optimistic on real estate market

Posted on 24 June 2011

Despite new homes sale reaching record lows for the first time in three months in May, Steve Blitz, senior economist at ITG research, and Megan McGrath, executive director and senior analyst at MKM Partners, told CNBC they are optimistic about the housing market.
“The general takeaway on new home sales is that it is going to stick at these levels for an extended period of time, until we work down the inventory on existing homes,” Blitz said………………………………………..Full Article: Source


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