New home sales way up. They increased 9.6% for July, the fourth straight monthly gain. According to the Commerce Department, the sales pace hasn’t been this strong since September. Inventory is shrinking: roughly 271,000 new homes were on sale at the end of July, a low not seen since March 1993.
(washingtonpost.com/wp-dyn/content/article/2009/08/26/AR2009082601876.html?hpid=topnews [8/26/09])
Arizona Experience Realty Group
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