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NEW YORK — When the real estate market improves has a lot to do with your perspective on the market, said Alex Perriello, president and CEO for Realogy Franchise Group, during a panel presentation Thursday at the Real Estate Connect conference.

"Oftentimes I’m asked, ‘When’s the market going to get better?’ It all depends on how you define the word ‘better,’ " Perriello said during a panel presentation titled "The State of Real Estate: The Year Ahead."