Despite the presence of a tax credit for first-time buyers andother indications that the economy is turning around, new homesales fell 11% last month.
The shift represented a 9% decline from November 2008, theDepartments of Commerce and Housing and Urban Development reportedtoday.
November's sales were at a seasonally adjusted annual rate of355,000, compared with 400,000 in October and 390,000 in November2008.
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