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New real estate sales data adds to housing market woes

Por: Newsweek Business September 24, 2022

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New home sales tumbled 12.6 percent in July, reporting a new record low after reaching their lowest level since April 2020 last month, according to data released on Tuesday by the Census Bureau.The numbers reveal that the housing market is in a sorry state, a Pantheon Macroeconomics expert told Newsweek.The economic research consultancy led by economist and founder Ian Shepherdson conducted its own analysis of the housing market and forecasted... + full article



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