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Monday, January 2, 2012

New Home sales Numbers are Up

Some Good Signs for the Real Estate Market

According to the Census Bureau, New home sales coninue to rebound, up by nearly 10% compared to November 2010.  Does this meant that the Housing market may be intering recovery mode?
"Inventories of new homes are very low: There's nothing on the shelf, so any increase in new home sales will translate directly into new housing starts," Bob Denk, senior economist at the National Association of Home Builders, told CNNMoney. "That means putting people back to work."

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