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New Home Sales See Biggest Year Over Year Drop In 37 Years

By admin | September 28, 2007

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development issued their monthly joint report on August new house sales on Thursday.

The July sales rate was itself revised downward from an original estimate of 870,000 units. The stunning figure, however, was the comparison of August 2007 data with that on sales one year earlier....

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Topics: Mortgage News |

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