Though we are only 2 months into the new year, signs are peeking everywhere that consumers are feeling better: an increase in the food & services industry indicate we're eating out more, vacations are on the rise due to an 8% increase in the travel industry, and believe it or not, household net worths are increasing thanks to a strong stock market and the focus on shrinking personal debt. What does this mean for the housing industry? For now, buyers can benefit from historically favorable buying conditions and sellers can enjoy increased stability in the market. We are still seeing an upward trend in existing home sales activity. Though sales remained 2.9% below the level seen last year, this trend is a welcoming sign. Home prices softened in December, down 1% from the year befor...
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