Jan 28

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New home sales plummeted last year by the largest amount on record while home prices fell sharply in December. Analysts foresee more trouble this year as the housing market tries to emerge from its worst slump in 20 years.

Nov 29

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U.S. economic news hit a downbeat note Thursday as the White House lowered its outlook for 2008 and a mortgage research company announced that last month's foreclosure filings nearly doubled those in October 2006.