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Home sales at 10-year low, jobless claims jump (Reuters)

July 24th, 2008 · Permalink



A newly built home sits vacant with a 'for sale' sign in front, in the Courtland Ridge development in Alpine, Utah, March 26, 2008. (George Frey/Reuters)Reuters - Jobless claims jumped last week and
the pace of existing home sales tumbled to a 10-year low as
slowing growth hit hiring and a glut of unsold homes weighed on
the real estate market, data on Thursday showed.


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