U.S. home prices

New U.S. Home Sales Start Week on Gloomy Note

Last month’s sales numbers on new U.S. homes has experts believing that the housing market is years away from recovering. The Commerce Department reported Monday that new-home sales fell 2.3 percent to a seasonally adjusted annual rate of 295,000 in August. In a healthy housing market, the rate would be about 700,000. The decline equals …

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