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US unsold homes

Published July 28, 2006
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WASHINGTON, July 27: The glut of brand new unsold homes for sale across the US hit a record high in June, a government report showed on Thursday, as some economists warned of a worsening market in coming months. The latest data appeared to confirm a cooling trend in the housing market, following a boom and sky-rocketing prices of recent years that have priced many hopeful new home owners out of the market.—AFP

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