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Daily Wrap: 5/30/2012
forbes.com 13 hours, 35 minutes agoWorries over the euro zone weighed on the markets once again today, sending shares lower. Today?s economic data didn?t do much to boost the markets either, with pending home sales falling to a four-month low, down 5.5 percent in April, according to the National Association of Realtors. Economists were expecting a gain of 0.1 percent. ...
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Sales Contracts For US Homes Dropped In April
thestate.com 20 hours, 6 minutes agoA gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. The decline was the biggest in a year. Still, sales are well ahead of last year's level for the same month, suggesting the housing market is improving slowly. The National Association of Realtors said Wednesday that its index of sales agreements dropped to 95.5, down from March's reading of 101.1. A reading of 100 is considered healthy. One year ago, the level was 83.5. Contract signings t
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