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Tuesday, Jun 6, 2023

September new home sales rise by 2.7%

WASHINGTON — Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years, the Commerce Department reported. Sales of new single-family homes rose by 2.7 percent last month to a seasonally adjusted annual rate of 464,000 homes, Commerce said. Economists had expected sales would drop from the August level. For the full story visit www.latimes.com/business/la-fi-homes28-2008oct28,0,2569564.story

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