New Home Sales Drop 14.7% in Latest Report




Quicken Loans Mortgage News. The U.S. Census Bureau and the Department of Housing and Urban Development announced today that sales of new, single-family homes in December fell more than 14 percent compared to November’s numbers. The report also showed there is currently a 12.9 month inventory of unsold homes on the market.

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Submitted by Mortgage News | Quicken Loans, Updated January 28, 2009



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