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Despite Trouble Signs, U.S. Housing Market Keeps Hanging Tough.(THE NEW AMERICA)(Q & A)
Byline: AMY REEVES
The real-estate industry has faced good and bad news lately.
On the plus side, interest rates continue to fall, encouraging people to take out home loans.
But the sluggish economy has driven unemployment up -- always a dangerous sign for home buying.
Van Davis has seen it all from a front-row seat. He's chief executive of one of the best-known names in real estate: Century 21, a unit of Cendant Corp.
Davis expects 2003 to be a strong one for the industry, though not as strong as in the recent past. He spoke with IBD about what's going on in the business.
IBD: What's your outlook for the real-estate market this year?
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