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Housing Sales Plunge In March

Oversupply and tightened lending hit hard in already-weak market

By J. Kelman,  Newser User

Posted Apr 25, 2007 12:15 PM CDT

(Newser) – Sales of previously occupied homes fell 8.4 percent in March, marking the biggest monthly drop since 1989 and ending hopes for a spring rebound. The new National Association of Realtors numbers reflect an oversupply of homes, lenders subdued by the sub-prime crisis, and bad...   Read full story »

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