New Home Sales Sink on Bad Weather in Jan. (AP)

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New Home Sales Sink on Bad Weather in Jan. (AP)

AP - Sales of new homes fell 9.2 percent in January while the median price of a new home skidded to the lowest level in more than a year. Analysts blamed the worse-than-expected showing on bad weather in many parts of the country rather than any serious problems in the red hot housing market.

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