New Home Sales | Sales up prices down
New home sales | Sales up Prices Down Sales pace missed forecast to show increase as builders cut prices in effort to cut inventories. Some price reductions in the real estate market helped give new home sales an lift in July, according to a recently released government report. This was good news about the state of the down housing market because forecasters had expected a loss in this sector .New home sales rose 2.8 percent to an annual rate of 870,000 from a revised 846,000 rate in June
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