Foreclosure issues are expected to keep home sales subdued in the final quarter of 2010 according to Fannie Maeâ€™s Economics & Mortgage Market Analysis Group, but the group expects to see a gradual improvement in 2011. "For all of 2010, total home sales are projected to decline by about 8 percent from 2009, marking the bottom of annual total home sales in this cycle," said Fannie Mae Chief Economist Doug Duncan. "We expect home sales to increase by about 3 percent in 2011. Â However, the pace of recovery will largely be determined by labor conditions. If hiring improves at a faster pace than expected, home sales will likely see a stronger gain in 2011 and vice versa."
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