June New Home Sales Soar 11 Percent in US

June New Home Sales Soar 11 Percent in US

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sold_sign.jpgNew US home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst downturn in decades.

“The worst of the housing recession … is now behind us,” said David Resler, chief economist at Nomura Securities. “We’re turning the corner toward increased activity in housing.”

(Continue reading AP report)

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