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May 10--MCALLEN -- A troubled economy has caused the percent of U.S. residents who own homes to drop to its lowest point since 1997.
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New home sales fell in McAllen, TX in February. Average prices of new and existing homes dropped 2.6%.
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New home sales fell in January. Mortgage amounts on new homes dropped 13.2%.
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New home sales fell in McAllen, TX in December. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 11.4 percentage points.
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New home sales fell in November. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 34.9 percentage points.
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New home sales fell in McAllen, TX in October. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 12.1 percentage points.
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New home sales fell year-over-year in McAllen, TX in September. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 13.8 percentage points.
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New home sales climbed in August. Mortgage amounts on new homes dropped 14.9%.
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New home sales rose from a year earlier in McAllen, TX in July after sales decreased last month. Real Estate Owned (REO) sales as a percentage of existing home sales dropped, falling 16.6 percentage points.
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The NAHB's new index tracking markets that have been consistently improving for six months or more is made up mostly of smaller markets, many of which are located in the Oil Belt.