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New-Home Sales Rose Sharply in July

New-Home Sales Rose Sharply in July

Business / August 25, 2023 / New-Home, sales

As listings of previously-owned homes dry up amid unfavorable market conditions for prospective home sellers, an increasing number of buyers are turning to new-construction. New-home sales rose 4.4% to an annual rate of 714,000 in July, up from a revised 684,000 the month prior, Realtor.com reports. Not only are home builders offering more inventory than
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