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| Economic Gains Spark Confidence in Buying, Selling |
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Economic gains have sparked confidence in home-buying and -selling, with 80 percent of those surveyed in the National Association of REALTORS® (NAR) Housing Opportunities and Market Experience (HOME) survey believing now is a good time to buy and 69 percent believing now is a good time to sell—an outlook carried over from optimism about the broader economy. A record 62 percent of those surveyed believe the economy is improving, with respondents in the Midwest exuding the most positivity. "Confidence levels generally rise after a presidential election as the nation hopes for the best," says Lawrence Yun, chief economist at NAR. "Even though it is a highly polarized country, consumers for the most part have upbeat feelings about the economy right now. ...
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Owning a home is part of the American Dream, and mortgage lenders are motivated to do everything possible to make sure Americans of all ethnic, educational and professional
