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Factors for Improving Home Sales

By Lawrence Yun, Chief Economist, NATIONAL ASSOCIATION OF REALTORS®

Nearly every factor generally associated with home sales has been turning for the better. We have more jobs, growing population, rising rents, additional inventory choices, record-high household net worth, and exceptionally low mortgage rates. On top of these trends, there is accumulating pent-up housing demand from people who underwent distressed property sales several years ago. Even rising home prices are bringing existing homeowners into the game.

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