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CNN Money: Housing Market Hot Again

Posted by on Jun 5, 2016 in Blog | 0 comments

Wage growth remains sluggish. The stock market continues to be volatile. Target, Macy’s and many other big retailers are struggling — and the recent spike in oil prices could further dent consumer spending. ┬áBut there is one part of the economy that is undeniably strong — the housing market. New home sales hit their highest level since 2008 in April. Yes, 2008. The year the housing market, Wall Street and the entire U.S. economy went to you know what in a hand basket. And home prices hit a record high. Big homebuilder stocks Pulte (PHM) and KB Home (KBH) both rallied on the...

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