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Improved traffic rates seen earlier this year have yet to translate into sales.
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The significant monthly improvement came from the West, where the region’s index reading more than doubled.
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While the Housing Market Index remains low by historical standards, the monthly improvement brought it to the highest level seen in more than four years.
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The data were not statistically significant, however, leaving it unclear as to whether or not sales numbers actually went up or down.
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According to economist David Goldberg, when distressed properties aren't included, home prices show gains.
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As the public builders close their first-quarter books, it's clear that sales failed to improve.
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The company's change to its 2010 first quarter count improves the comparison to this year's first quarter immeasurably.
Barbara Alexander brings a wealth of knowledge about the housing industry and corporate governance.
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Activity surges past record-low February numbers and rises to a seasonally adjusted pace of 411,000 homes.
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Economists are suggesting that the housing market will slip again before the real recovery begins.