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Has the housing market bottomed? Home sales still down but gaining summer steam

Is the housing market recession over now? While home sales are still down significantly since last year, “solid demand and tight inventory” is helped push home prices up in May, according to RE/MAX. Salt Lake City, Utah, is still among the top five markets with the biggest decline in home sales, but transactions appear to be ticking up heading into summer.
United States Salt Lake City Salt Lake County Salt Lake Nick Bailey National Housing Market
Source: yahoo.com

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