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Get Ready for a Rebound in Housing Market

The housing news in the recent winter months has been weak across the board, and has left one glaring question in its wake: When is the data going to get better?"There are a lot of things hanging over the market right now," said Jed Kolko, chief economist at real-estate site Trulia. "The biggest question is whether job growth and income growth has been strong enough where traditional buyers can pick up the slack from the decline in investing activity."Kolko says investor interest is receding after a surge in home prices over the last year, coupled with higher mortgage rates. But that's not the only thing on the decline.New and existing home sales, as well as housing starts, all fell in February."The April, May, June data -- that will gives us a better read on what's going on," says Josh Feinman, chief global economist at Deutsche Bank. "During the recession, housing activity was crushed down to the lowest levels. Now it's being cleared and housing can start returning to better numbers,...

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