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Friday, July 26, 2024

How bad is the housing market recession? Existing home sales are back to 1978 levels

Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. The recession in the U.S. market for existing homes has been so deep that April sales were back to late-’70s levels—despite the population growth since that time, according to recent data …

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