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The residential property sector is stabilizing, concur Fannie Mae analysts,
who expect the economy to expand 3.1 percent this year.

However, they conclude that a glut of properties on the market will continue
to impede recovery. New homes are moving at a record low pace and will
remain sluggish, according to the report, but there is some evidence of a
pickup in resale activity.

Source: Washington Post (04/20/10)

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