Can a groundhog and his shadow predict the strength of the housing market? Here is what happened the past 20 years in real estate when Punxsutawney Phil climbed out of his hole; does seeing his shadow extend to real estate? You decide.

GroundhogDay2017

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*Averages based on YoY median sales price and median existing home sales increases from 1996-2016.


Source: Newsline

Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission.