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July Sales of New Homes Surge 13.9%, Far More Than Thought

SILVER SPRING, Md. — Sales of new homes jumped again in July, rising 13.9% as the housing market continues to gain traction following a spring downturn caused by pandemic-related lockdowns. The Commerce Department reported Tuesday that July’s gain propelled sales of new homes to a seasonally-adjusted annual rate of 901,000,...

US Home Sales Fall 1.7% With Prices High and Supply Low

WASHINGTON — U.S. home sales tumbled 1.7% in June, with rising prices and a scarce supply locking out many Americans from ownership. The National Association of Realtors said Tuesday that homes were sold last month at a seasonally adjusted annualized rate of 5.27 million units. Sales have shriveled 2.2% over...

US Mortgage Rates Slipped This Week

WASHINGTON — U.S. long-term mortgage rates slipped this week, reflecting the stock market decline and rush by investors to Treasury notes. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage fell slightly to 4.62 percent from to 4.63 percent last week. Rates averaged...

US Unemployment Rate Is Lowest Since 1969 at 3.7%

WASHINGTON — The U.S. unemployment rate fell to 3.7 percent in September — the lowest level since December 1969 — signaling how the longest streak of hiring on record has put millions of Americans back to work. Employers added just 134,000 jobs last month, the fewest in a year, the...

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