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ID: 16450
Title: New homes sales unexpectedly strong (Reuters)
Description:

A for sale sign sits in front of a home in Chicago in an undated file photo. U.S. mortgage applications plummeted last week to the lowest level in nearly five months, dragged down by a plunge in demand for home refinancing loans as interest rates nudged higher, an industry trade group said on Wednesday. (File/Reuters)Reuters - Sales of new U.S. homes were unexpectedly strong in November and the backlog of unsold homes shrank, according to government data on Wednesday that suggested the worst of the housing slump may be in the past.


Category: Business/US Economy/
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Date Added: December 27, 2006 09:47:03 PM
Number Hits: 0