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The pace of new home sales fell to its lowest level in 17 years in August, according to a key government report released Thursday that signaled more dismal news for the housing sector in coming months
August sales came in at a seasonally adjusted annual rate of 460, 000, the Census Bureau report showed, down 11.5% from a revised 520, 000 in July
Read more: http://money.cnn.com/2008/09/25/news/economy/...
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