Unlike the prior economic recession when housing was the catalyst, I believe housing will play an important role in helping the economy exit the recession. Mortgages continue to be historically low, and predictions are for those numbers to remain so into the foreseeable future.
Read MoreThe number of existing homes for sale was down 19.7%, which is the lowest April reading ever. This lack of supply has resulted in the national median home price rising to a record high of $286,800.
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