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    n increase to 1.1 million unit pace.

    Despite the spike, the report s

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    The sales of new homes in the U.S. rose unexpectedly by 13.8% in March, the largest one-month price gain since April of 1993.

    The Commerce Department reported last week that the pace of new home sales rose to a seasonally adjusted annual rate of 1.213 million. Most analysts expected only an increase to 1.1 million unit pace.

    Despite the spike, the report sh

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    e largest one-month price gain since April of 1993.

    The Commerce Department reported last week that the pace of new home sales rose to a seasonally adjusted annual rate of 1.213 million. Most analysts expected only an increase to 1.1 million unit pace.

    Despite the spike, the report s

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    artment reported last week that the pace of new home sales rose to a seasonally adjusted annual rate of 1.213 million. Most analysts expected only an increase to 1.1 million unit pace.

    Despite the spike, the report s

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    nally adjusted annual rate of 1.213 million. Most analysts expected only an increase to 1.1 million unit pace.

    Despite the spike, the report s

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    n increase to 1.1 million unit pace.

    Despite the spike, the report showed that the housing market may be slowing from record peaks. The median home price declined by 2.2% from March 2005 to $224,200. The decline market he first year-over-year decrease since December 2003.

    When compared to March 2005, this year's sales pace is down 7.2%.

    Existing home

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