Wed, 26 Sep 2012 14:45:26 GMT
New U.S. home sales fell in August, prices soared 11.2%
New home sales in the U.S. dropped
surprisingly last month, but remained near two-year high, while prices soared
to the highest level since 2007, a report by the Census Bureau showed
Wednesday. Sales of new single-family homes in the U.S. fell to 373,000 last
month, down from 374,000 in July. The average sales prices rocketed 11.2% to $256,900,
posting the single biggest monthly increase ever