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State Of The U.S. Housing Market

Rogers Healy discusses the current state of the U.S. housing market following the release of October’s Existing Home Sales data. The annual rate increased to 6.34M from 6.29M the month prior, which represents a 0.8% month-over-month change. Demand in the housing market remains strong but inventories for new homes are softening, says Healy, which is equating to fewer new home sales and boosting sales of existing homes. Healy adds that it’s still a lucrative time to be involved in real estate.

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