National Housing Market Outlook

Home Sales Much Better Than Reported

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John Burns

January 24, 2013

John clarified on Fox Business News that today’s decline in existing home sales is misleading. Distressed transactions are declining, which is a good thing. Normal transactions may have flattened in December due to the fiscal cliff, but we are in the early stages of a 80% increase in normal transactions that will drive strength in the economy, particularly as they remodel and furnish their new homes.

Watch the whole interview at the link below:

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John Burns
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