Thursday, January 24, 2013

Monthly Drop in Home Sales No Cause for Despair

As the National Association of Realtors reported, home sales dropped in December.

However, Capital Economics warns this should be no cause for despair. Additionally, while cash buyers and investors continue to make up a large portion—about half of all sales—Capital Economics suggests rising prices lifting many homeowners above water will lead to increased activity from owner-occupants.  Read more...

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