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USA (The Christian Science Monitor)

February 17th, 2009 · Permalink

The Christian Science Monitor - US retail sales jumped 1 percent in January after six straight months of decline, the Commerce Department reported Thursday. Analysts said the results, boosted by postholiday sales, were considered short-term. Meanwhile, the housing market continued its slump, with the median sales prices of existing homes falling in nearly 90 percent of major cities in the fourth quarter of last year, according to the National Association of Realtors.

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