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Fed chairwoman says economy poised for growth as housing sector lags behind
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Federal Reserve Chairwoman Janet Yellen told Congress’s Joint Economic Committee May 7 that the U.S. economy is gaining strength, but the housing sector is struggling to catch up.
The economy and housing markets are linked together in many respects. The sluggish economy of the past several years has been cited as a dominant factor in keeping many potential homebuyers, especially would-be first-time buyers, from being able to afford a home.
However, even as the economy is poised for more sustained growth, the housing sector may not follow suit.
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