US new home sales rise in October; median home prices soar 17.5% to $407,000

Financial World
Financial World
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On Wednesday, US Commerce Department data had unveiled that sales of US single-family homes, the most lucrative item in US homebuilding industry, picked up last month despite a painstaking persistence in price-pressure build with median home prices surging as much as 17.5 per cent on a year-on-year basis, suggesting a relentless...

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