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Home Sales Are Still Working To Find A Bottom

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07-24-08, 02:09 PM

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Home Sales Are Still Working To Find A Bottom

Home sales fell much more than the consensus estimate, falling 2.6 percent to a 4.86 million unit pace. Our own forecast called for a drop to a 4.87 million unit pace. Prices fell sharply, as foreclosures and short sales made up a larger proportion of total sales. The median price...

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