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Why Housing Will Spring Ahead

Source: Wall St. Journal

Full-fledged recovery for housing is still a while away. But after a long time of near dormancy, it looks like it is starting to stir, as the conditions for improvement are there. The job market has continued to strengthen—there were 2.8 million more people working last month than in the same month a year ago. More people are striking out on their own: Goldman Sachs estimates the number of newly formed households eclipsed 1 million last year, marking the first time that has happened since 2006. What’s more, the firm estimates 1.2 million new households will be added in each of the next four years. That being said, the U.S. housing market isn’t close to what historically would be considered normal. Last year, a combined 5.1 million new and used homes were sold in the U.S—not quite as many as in 1998, when the working-age population was one-fifth lower than it is now.

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About Community Real Estate

Community Real Estate is a Real Estate Company committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
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FEATURED PROPERTIES

714-835-7126

714-835-7126

Contact Information

CA Department of Real Estate Lic.# 01960213
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