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December new-home purchases decline, making 2011 worst ever for sales

Published 01/26/2012, AP Real Estate Writer

Economists caution that housing is a long way from fully recovering. Builders have stopped working on many projects because it's been hard for them to get financing or to compete with cheaper resale homes. For many Americans, buying a home remains too big a risk more than four years after the housing bubble burst.

Word count: 490

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