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    News & Insights

    REUTERS/SARAH SILBIGER
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    US Markets

    US New Home Sales Drop in October Amid Higher Mortgage Rates

    Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as prices plunged, but the setback is likely temporary amid a persistent shortage of previously owned houses on the market.

    • 16 hours ago
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