When the facts change I change my mind, what do you do sir
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Why the Housing Market Has Slowed
Economists have been disappointed by a string of weaker-than-expected home-sales reports. Sales of existing homes dropped in March, including in parts of the country that weren’t hit by cold weather this winter. Sales of new homes, reported Wednesday, were down 13.3% from a year earlier to their lowest level since last July . Is the housing recovery faltering, and if so, why? First, the good news: The share of homes selling out of foreclosure continues to decline, according to a monthly survey of real-estate agents by the National Association of Realtors. Foreclosures have usually sold at a discount to traditional ... (full story)