|Home Sales Disappoint Twice|
Diana Olick writes July 25 at CNBC.com:
Sales of newly built homes fell hard in June, despite newfound optimism in the housing recovery, especially among the home builders themselves.
Signed contracts to buy new homes fell 8.4 percent from the previous month, according to the U.S. Commerce Department, although they are still up 15 percent from a year ago.
Read more here.
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