A government report showed new homes sales in the U.S. fell to their lowest level in 13 years, CNN Money reported March 26, 2008."February sales came in at a seasonally-adjusted annual rate of 590,000, the Census Bureau report showed, down 1.8% from a revised 601,000 in January and down 29.8% fr
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03/28/2008
U.S. mortgage applications surged recently, but whether the rise in applications results in increased home sales is uncertain. I found this comment by Dan Pierce, a portfolio manager at State Street Global Advisors in Boston, in a Reuters article about existing home sales."We saw a nice surge in
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03/28/2008