U.S. New Home Sales Rise More Than Forecast as Rates Fall
The downtown skyline stands past Victorian homes in San Francisco, California, U.S. (Photographer: David Paul Morris/Bloomberg)

U.S. New Home Sales Rise More Than Forecast as Rates Fall

(Bloomberg) -- Sales of new U.S. homes rebounded at a faster pace than forecast in August as a decline in mortgage rates sparked demand for higher-priced properties.
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