Housing Purchases Declining Again

Summary


WASHINGTON -- The number of people preparing to buy a home fell sharply in November, an unsettling new sign that the housing market may be headed for a "double-dip" downturn over the winter.

The figures Tuesday came after a similarly discouraging report on new home sales, illustrating how heavily the housing market depends right now on government help.

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Extract


Housing Purchases Declining Again

In October, buyers raced to get contracts signed in time to take advantage of a tax credit for first-time homeowners that was set to e...

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