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Market Updates

Market News Update: Pleasantly Surprising Sales Activity Trumps Industry Headwinds as Housing Recovery Strengthens

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docFrom Jason Payne, Market News Analyst …

Although the U.S. housing industry continues to face some challenges, another week of pleasant surprises from our industry’s news cycle bolsters Mogul’s view that this ongoing recovery in residential real estate is here to stay.

Think of the U.S. housing industry as a once-critical patient who seemed all but lost in the economic E.R.:

Until recently, that woeful real estate patient was clinging to Ben Bernanke’s life support like a five dollar toupee clings to Donald Trump’s scalp on a windy day.  But after much economic care (and more than a few brushes with death), the patient is now regaining many of its normal motor skills …

... And those of us who have been rooting for the housing market’s long-term health prospects now find ourselves in a delightfully refreshing season of recovery.  Our fading memories of nonstop bad news continue to be replaced with a regular flow of pleasantly surprising developments.

In…


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