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US: Housing market takes another step backwards

Posted on 04 August 2010

From Usnews.com: Americans again signed fewer contracts to buy homes in June, as the real estate market continues to deteriorate following the removal of a key stimulus from Uncle Sam.
The pending home sales index—a gauge of the housing market’s health that measures signed sales contracts—dipped nearly 3 percent in June from a month earlier to its lowest-ever level, the National Association of Realtors said Tuesday. The index, which launched in 2001, fell 19 percent from June 2009……………………………………….Full Article: Source

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