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Exxon barred from Iraqi oil, gas auction
WASHINGTON, July 24 (UPI) -- Existing home sales fell by a seasonally adjusted 2.6 percent in June, the National Association of Realtors said Thursday.
Sales of single-family homes, town homes, condominiums and co-ops declined to an annual rate of 4.86 million units in the month, the association said.
In May, the annual rate was 4.99 million units. A year ago in June the annual sales rate was 5.75 million units, the report said.
Total inventory of homes on the market would take 11.1 months to sell at current prices, an increase over May's supply schedule of 10.8 months, the report said.
A recent study showed that "nearly a quarter of potential home buyers are waiting on the sidelines," NAR President Richard Gaylord said.
NAR Chief Economist Lawrence Yun said may of the sidelined buyers are potential first-time buyers. "About four in 10 homes are purchased by first-time buyers, which frees existing owners to trade up," Yun said.
At $215,100, the national median price for existing homes sold declined 6.1 percent in June from a year ago, the report said.
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BAGHDAD, Feb. 14 (UPI) --
U.S. supermajor Exxon Mobil won't be able to take part in an oil and natural gas licensing auction scheduled for May in Iraq, a spokesman said.
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ARLINGTON, Va., Feb. 14 (UPI) --
The proposed U.S. budget, with its envisaged $487 billion defense spending cuts over 10 years, is seen as a "direct hit" on the aerospace and defense industry.
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Compared to whites, greater shares of both black and Hispanic young adults say owning their own home is among their top priorities. While 25 percent of blacks and 26 percent of Hispanics say owning a home is of the highest importance in their lives,...
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President Barack Obama has revealed a budget that, once again, will give the Republican party a chance to show that vitriol is more fun than compromise.
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