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Jennifer Stromsteen's Articles in United States

  • Wow, The Worst Real Estate Market In Over Two Decades
    Purchases of new homes in the U.S. plunged more than forecast in March to the slowest level in almost 17 years as stricter loan rules and falling prices caused buyers to dry up. Sales fell another 8.5 percent in the latest month to an annual rate of 526,000, the slowest since October 1991, from a 575,000 rate the prior month, the Commerce Department announced today in Washington. From December 2002, until December 2006, sales of new homes exceeded one million per year, peaking at the rate of slightly over 1.3 million annual new home sales in July of 2005.


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