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Home / Residential Construction / December home sales take a big hit (1 p.m. 1/25/10)

December home sales take a big hit (1 p.m. 1/25/10)

By Alan Zibel AP Real Estate Writer Washington — Sales of previously occupied homes took the largest monthly drop in more than 40 years last month, sinking more dramatically than expected after lawmakers gave buyers more time to use a tax credit. The report reflects a sharp drop in demand after buyers stopped scrambling to qualify for a ...

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