Industry NewsMarkets & Economy

‘If the experts say it’s so …’

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The markets still may be frosty, but there are plenty of signs that the deep freeze in the real estate market may be beginning to thaw. If the experts say it's so … Is the real estate market slowly moving towards recovery? A number of experts seem to think so. After reviewing the latest data on home sales, construction and consumer spending, Ben Bernanke, chairman of the Federal Reserve, observed that the economy is improving. Frank Nothaft, vice president and chief economist for Freddie Mac, stated, "The housing industry is starting to exhibit some positive signs." According to the National Association of Home Builders, "Homebuilder confidence in April rose to the highest levels since last September." NAR: Prices up as sales decline NAR reported in April that the rate of sales declined by 3 percent while prices increased during the last month by 4.2 percent -- with the median price increasing from $168,200 in February to $175,200 in Marc...