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The next two decades in housing markets depends largely on the Echo Boomers.
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Tight credit conditions may still threaten the improvement.
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While inventory also declined, vacancy rates suggest it may take longer than expected to burn through.
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Current market conditions, however, leave the forward-looking indicator unreliable.
High tech and medicine spur job creation while military jobs wane.
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A Government Accounting Office study has raised concerns over the quality and oversight of the appraisal industry.
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Contract signings rose in January to report the highest level seen since April 2010.
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Sales in January hit a 20-month high.
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After a strong showing in previous months, contract signings were down 3.5%.
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With a total of 4.26 million homes sold last year, sales were 1.7% higher than 2010.