US housing slump hits Dow Jones

26th August 2010, Comments 0 comments

Sales of previously-owned homes in the US fell by more than 27 percent in July, the worst drop in 15 years, fueling fears of a double-dip recession and pushing the Dow Jones stock market average below the 10,000 level. The National Association of Realtors published figures showing 3.83 million homes were sold, a drop that ...

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