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Michael Lea, a real estate professor at San Diego State University, said he was not surprised by the price dip but was "a little puzzled" that sales are not rising as fast as they should at this point in the economic cycle.
Date: Sep 12, 2013
Category: Business
Source: Google
US Mortgage Finance Head: Shift Risk From Treasury
Talk of raising borrowing costs while home sales are slow is part of the dichotomy of expectations the housing finance agencies are facing, said Michael Lea, who directs real estate studies at the San Diego State University business school and a former chief economist at Freddie Mac. The FHFA can't