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Mortgage & Financing

NJ Mortgage News: US new home sales fall slightly in January

By JOSH BOAK
AP Economics Writer

WASHINGTON (AP) – Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market.

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Summary of the Article

WASHINGTON (AP) – Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have …

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Article

By JOSH BOAK

AP Economics Writer

WASHINGTON (AP) – Sales of new U.S. homes were basically flat in January, evidence that recent job gains and relatively low mortgage rates have yet to spur the real estate market.

The Commerce Department said Wednesday that new home sales slipped 0.2 percent last month to a seasonally adjusted annual rate of 481,000.

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first published: 2015-02-24 15:22:30[otw_is sidebar=otw-sidebar-2][otw_is sidebar=otw-sidebar-10][otw_is sidebar=otw-sidebar-3][otw_is sidebar=otw-sidebar-5]