Briefly - Los Angeles Times
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Briefly

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From Times wire reports

* While condominium sales remained strong in the third quarter, demand for rental apartments continued to lag, according to the National Assn. of Home Builders’ latest Multifamily Market Index.

* Although the seasonally adjusted sales rate dipped 2.4% in November to 1.08 million units, attractive mortgage rates continued to drive new-home sales toward a predicted record year of more than 1 million units, according to the National Assn. of Home Builders.

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