Existing home sales dip
December 1, 2005,
WASHINGTON -- With the impact of higher interest rates finally sinking in on customers, the two biggest and most stable components of the broad U.S. housing market lost ground in October.
The only gainer was the highly volatile market for costly new homes, subject to wide swings from month to month, which roared ahead 13 percent, to a seasonally adjusted rate of 1.3 million units.
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