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“June saw a pattern of broad gains in home sales across all home types relative to the same time last year, which has been a rare occurrence in recent years,” said Andrew Lis, GVR chief economist and vice-president data analytics

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“Last month we noted that a divergence was emerging between sales trends in the detached
and multi-family segments, which continued in April,” said Andrew Lis, GVR chief economist
and vice-president data analytics. “Sales of detached homes have been gaining year-overyear,
while sales in the multi-family segment have declined, and this pattern is consistent
across most areas. The fact this pattern is so broad-based reduces the likelihood what we’re
seeing is just a blip in the data since the momentum isn’t isolated to small pockets of the
market.”