NAR Chief Economist Lawrence Yun discusses existing home sales, which have risen in 5 of the last 6 months. Bargain-basement home prices and job creation, among other factors, have begun to lift consumer confidence. However, concerns, such as oil prices, still exist. He also discusses why government backing of mortgages is important for the middle class.
http://www.realtor.org/research/economists_outlook/economists_podcasts/economists_podcast030811?cid=WR03092011:11233&ed_rid=1886409
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