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Housing recovery still sputters

Posted on 20 April 2012

Gus FaucherThe housing market continued to struggle in March, despite low home prices and record low interest rates, an industry report revealed Thursday. Sales of existing homes fell 2.6% compared with a month earlier, to an annualized rate of 4.48 million homes, the National Association of Realtors said.
Gus Faucher, a senior economist at PNC Financial, called the report disappointing. “We were expecting an increase,” he said. “We need a turnaround to help the economy recover.”……………………………………….Full Article: Source


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