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Liquidity moves markets!Follow the money. Find the profits!
New home sales for May surprised analysts by rising 6.7% MoM to 689k units SAAR. The forecast was for 0.7% MoM.
On a YoY basis, new home sales have risen 14%.
BUT the median price of new home sales declined 3.3% YoY in May, the lowest growth rate since 2012.
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