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US new home sales barely nudge up in January

2015-02-25 16:29:42| Real Estate - Topix.net

Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market. The Commerce Department said Wednesday that new home sales slipped 0.2 percent last month to a seasonally adjusted annual rate of 481,000.

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