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Existing home sales drop 0.4%, remains 'an investment in the future'

Despite the fact that home sales saw a slight drop in April, the CEO of Warburg Realty, Frederick Peters, still believes homes are 'an investment in the future.' He stops Yahoo Finance to discuss that, as well as the impact the 2008 recession left on millennial homebuyers, "...coming out of the recession, optimism never really came back. At the first sign of uncertainty, people just back off, they go to the sidelines... there's no question there is an oversupply problem."