Tuesday, May 31, 2011

Home Sales Rise in 2011

According to the cheif economist of the National Association of Realtors home sales are on the rise and here are 7 reasons why:
1. More jobs
2. Rising stock market wealth
3. Rising apartment rents
4. Continuing high affordability conditions
5. Home values at historically justifiable levels
6. Investors looking to hedge against inflation
7. Foreigners buying U.S. homes on the cheap

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