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New housing index signals unexpected U.S. sales slowdown

2015-07-24 05:29:47| Real Estate - Topix.net

A new national housing index that aims to predict the direction of prices and sales activity suggests the hot market could cool off more sharply than expected. Seattle-based brokerage Redfin says its demand index, which was released Thursday, is "the industry's first and only measure of housing activity prior to purchase."

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