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Keyword: vshapedrecovery

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  • Hey Media, Another ‘V-Shaped Recovery’ Occurs in Housing Market

    08/21/2020 1:25:26 PM PDT · by JV3MRC · 2 replies
    NewsBusters ^ | 8/21/2020 | Joseph Vazquez
    Media-types like CNBC’s Jim Cramer aren't buying the “V-shaped” recovery, but recent news in the housing market continues to support that perspective. The National Association of Realtors (NAR) reported that “[e]xisting-home sales continued on a strong, upward trajectory in July, marking two consecutive months of significant sales gains.” Sales increased a whopping 24.7 percent, “the strongest monthly gain in the history of the survey, going back to 1968, and the highest sales pace since December 2006,” according to CNBC. Sales were also 8.7 percent higher from July 2019. Fox Business’s Charles Payne proclaimed the news on Twitter: “This is a...