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HOV - Existing home sales drop 27%

08/24/2010 10:26 AM by Dave Pinsen

To their lowest pace in 15 years, according to Reuters ( http://finance.yahoo.c...= ). Looks like stronger headwinds for HOV, USG ( http://shortscreen.com... ) and perhaps for banks PACW ( http://shortscreen.com... ) and CPF ( http://shortscreen.com... ) as it gets harder to unload REO properties.

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