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With positive fundamentals in place, Fazendin and other agents are optimistic that the January market is a positive harbinger of what’s to come in 2013 as housing catches up with the broader economic recovery. Early indications suggest another year of low inventory, rising demand and stabilizing prices. Estimates range for year-over-year sales increases of anywhere from 5 to 15 percent, but that depends largely on whether the unemployment rate continues to fall.
“It won’t go gangbusters,” Tousley said. “[But] we’ll see a steady recovery through the year.”
Jim Buchta • 612-673-7376