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US: Housing market recovery on track, despite bumps

Posted on 22 June 2012

Jed KolkoA backward baby step in home sales last month is little more than a momentary bobble amid what appears to be an otherwise mending U.S. housing market, many industry analysts and some Realtors agreed Thursday.
While purchases of previously owned homes slipped by 1.5 percent last month as compared to April, many experts brushed off the decrease by pointing to a vastly limited stock of available listings — especially a dearth of more-upscale houses in nicer neighborhoods………………………………………..Full Article: Source


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