| The housing market remains weak, according to new data released Tuesday, indicating that home sales and prices are struggling to recover this year. Despite the onset of the spring buying season, home prices were flat in May and remain at levels last seen in 2003, according to a closely watched index, while new-home sales took a surprising dip in June.
“I don’t think we’ve finished with the decline” in the market, said Mark Vitner, senior economist at Wells Fargo..............................................Full Article: Source
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