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REAL ESTATE DECISION SUPPORT
Sales of new homes fall to record low
Publish date
08/25/2010
Source
MSNBC.com
Main Category
Economy - US
Article Summary
The outlook for the home market worsened in July, according to recent data by the U.S. Commerce Department. The agency reports that the seasonally adjusted sales pace of 276,000 units for new homes in the month set a new record low for the measure and resulted in a decline from June of 12.4%. The measure was accompanied by a supply rate of over 9 months and a median sale price of $204,00.
