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Previously owned U.S. homes sales fell to their lowest point in 15 years with a record drop in July as the economic recovery stalled.

Home sales in June fell by 27.2% with 3.83 million units sold, the lowest since May 1995. (As reported by the AP)

The years of the weak housing market, the end of the tax credit in April, and the high unemployment may indicate that the economy will take more time to recover, or may even dip to another recession.

Not great news…