U.S. new-homes sales tumble in August

Story date: 2007-09-26 05:54:00
Added on: 2007-09-30 12:00:20

Seattle Times - WASHINGTON — New-homes sales tumbled in August to the lowest level in seven years ... The hope is that lower rates will induce more spending and investment and thus ... Hedge funds and other investors in subprime-related mortgage securities got clobbered


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