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- Based on information from the May Realtors® Confidence Index, Realtor® confidence in the outlook for real estate markets dropped slightly in April but was still well above the lows experienced in 2010. The lowest readings are in Condos and Townhouses.
- The confidence level for single family homes is approaching 40, with a reading of 50 representing moderately strong confidence.
- Employment trends have major impacts on home sales, and the labor markets have been in a slow but positive recovery in recent months. Accordingly, we would expect to see some improvement in forthcoming months.
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