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Home sales and average price increased over this time period.Table 2
Homes sales
2003 2004 2005 2006
Homes sales 80,052 98,922 104,725 74,486
Avg cost 149,400 164,900 235,100 275,000
High growth rates of real estate allowed many businesses to offer products and services to new homeowners or people moving into larger homes. With some much growth in the construction industry many companies were able to increase wages. There was an average of 7.4% annual increase in income over this time period.
Another factor that lead to a decrease in bankruptcies over this period of time was the increase in consumer spending...
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