The December increase still fell short of analyst projections, while November’s skid was revised even lower, from 841,00 to 829,00.
The November rate was down 12.6% from October.
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The Rise of Digital Mortgages in Lending: How Tech Innovations are Reshaping the Market Explore the rise of digital mortgages and how technology innovations are transforming the lending market. Learn about AI, blockchain, and digital platforms reshaping the mortgage industry.
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New Home Sales Rebound to 842,000 in December
After a steep fall in November, new home sales increased in December to a seasonally adjusted annual rate of 842,000, according to Commerce Department data. So reports the Associated Press.
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