Home resales declined in July for a fifth month

Sales of previously owned homes in the U.S. fell in July for a fifth consecutive month, adding to the inventory of unsold properties and showing the housing slump that triggered a collapse in credit markets will drag on. Purchases declined 0.2 percent, less than forecast, to an annual rate of 5.75 million, from 5.76 million in ...

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Home resales declined in July for a fifth month

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