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April Home Sales Increased 16.2% Annualized, But Caution is Recommended

NAFCU's updated Macro Flash Data Report yesterday noted the April surge in home sales to 16.2% annualized, but Chief Economist Dr. Tun Wai told Credit Union Times that caution should be applied because "this is just one month and one month doesn't make a trend." Many more months of increased...

By Staff Writer | Updated on May 25, 2007

ARLINGTON, Va. — NAFCU’s updated Macro Flash Data Report yesterday noted the April surge in home sales to 16.2% annualized, but Chief Economist Dr. Tun Wai told Credit Union Times that caution should be applied because “this is just one month and one month doesn’t make a trend.” Many more months of increased sales would be required to effectively overcome what’s happened to the real estate market, he said.

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