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New home sales jump to 8-month high as buyers are lured by price cuts
Source: nypost.com
Housing & Real EstateConsumer Demand & RetailInterest Rates & YieldsGeopolitics & War
US new single-family home sales climbed to an eight-month high in August, supported by builder price cuts and buyer incentives. The housing-market improvement is tempered by rising mortgage rates linked to the Middle East war, which continue to constrain affordability and demand.
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