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New home sales dropped in December



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So far, the market has barely taken notice of what could be another sign of a falling market. Over the last few years quite a few jobs have become tied to the hot housing market so a drop in housing will certainly hurt the economy. Don't count me in as a believer in a "soft landing" because we've heard that one before. With the financial mess that the GOP has created for the US, we better have a lot of non-housing growth in the economy and fast or things will turn ugly.


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