Housing Recovery Stalls
Housing market drivers remained generally positive through June, except for inventory for sale, but all signs point to a significant summer slowdown, probably with some decline, after the expiration of the homebuyer tax credit. This was expected and does not signal a new trend in the housing market. The summer pause will be brief — just long enough to get past the recent pull forward of homebuyers caused by the tax credit, says Reed Construction Data chief economist Jim Haughey.
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Housing Recovery Stalls
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