Decline in Home Resales Is Smaller Than Expected
The Record, Bergen County, NJ › June 28, 2006
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Summary
WASHINGTON Sales of previously owned homes in the United States fell less than expected in May, suggesting that the housing market will slow down gradually.
Purchases declined 1.2 percent to an annual rate of 6.67 million, the slowest in four months, from 6.75 million in April, the National Association of Realtors said Tuesday in Washington. The supply of homes for sale rose to the highest since May 1997.See the full content of this document
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Decline in Home Resales Is Smaller Than Expected
The drop in housing, coupled with a separate report showing consumer confidence improved this month, pr...
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