11/21/08

Updated On 08/26/08 at 07:58AM

U.S. home sales up in July



Sales of U.S. homes rose 3.1 percent last month to their highest levels since February, as a third of homes sold were foreclosed, according to the National Association of Realtors. Distressed sales were pushing home values down: used homes' prices were 7.1 percent lower in July than a year ago. Sales were up 5.9 percent in the Northeast. 

More at: [NYT]


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