U.S. home prices continue recovery; July new home sales plummet

08/22/2013 | Bloomberg · Business Insider

U.S. housing prices rose 0.7% in June from May, the Federal Housing Finance Agency reported. The year-on-year increase was 7.7%, and the gains are encouraging more owners to put their homes on the market. However, sales of new homes fell 13.4% in July, according to data released this morning. In addition, sales in June were revised downward.

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Bloomberg · Business Insider

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