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US new home sales unexpectedly surge in August

Por: Fox Business Business September 27, 2022

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Redfin CEO Glenn Kelman argues the housing market is highly volatile but will positively impact the overall economy once it evens out. Sales of new U.S. homes rose more than expected in August, even as and high home prices edged prospective homebuyers out of the market.  New single-family home purchases rose nearly 29% to a seasonally adjusted annual rate of 685,000 units, the Commerce Department reported on Tuesday. Economists surveyed by... + full article



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