Thursday February 9, 2012
| Last update: Thursday at 1:05 AM
More Bad News as the Economy Points to a “Double-Dip”
BY Masao Suzuki | San Bruno, CA | 8/25/10
On Aug. 25, the Commerce Department reported that new home sales in July fell 12.4% from the level of sales in June, and were 32.4% lower than July of 2009. This report, which was much worse than most economists expected, followed a report by the National Association of Realtors the day before that sales of existing homes in July fell 27.2% from June, and were 25.5% lower than a year earlier.
2009 American Recovery ad Reinvestment Act, Economic Crisis
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