Reasons why the housing market so sluggish

businessman in the officeBy Lou Barnes| inman

Here in the second half of the seventh year of economic recovery, the national housing market is still just pooping along.

Nothing bad — the national rate of price appreciation running about 5 percent, steadily so.

Sales of existing homes are up (again) about 10 percent year-over-year, but it will take another five years at that pace to resemble “hot,” relative to population gains.

Continued:

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