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August new home sales dip, but prices scale 5-year high

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  • William Matz | | 26 Sep 2012, 03:07 PM Agree 0
    I know I am beating a dead horse, but the price info in the article is worthless. An 18-month slowdown during the attorney general investigation has lowered inventory in the lower price ranges. Lower inventory = fewer sales. Fewer sales at the lower end means the median price goes "up". But that tells us nothing about whether home prices are rising. And what happens now that foreclosures are increasing again?
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