INDUSTRY NEWS
The latest industry news offers an encouraging outlook for homebuyers and sellers:
• The National Association of Realtors reported that total existing-home sales for 2013 were the strongest in seven years.
• Home prices made double-digit gains in 2013, posting the highest annual rate of increase since 2005, according to CoreLogic.
• The U.S. economy increased at an annual rate of 3.2 percent in the fourth quarter of 2013.
• Nearly every city in the United States is expected to see economic growth in 2014, according to the U.S. Conference of Mayors.
