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August 2016 Existing Home Sales Continue Not Good

Thursday, September 22, 2016 7:57
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(Before It's News)

Written by Steven Hansen

The headlines for existing home sales were down and say “Hopes of a meaningful sales breakthrough as a result of this summer’s historically low mortgage rates failed to materialize because supply and affordability restrictions continue to keep too many would-be buyers on the sidelines.”. Our analysis of the unadjusted data is a touch better than the headlines.

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