The Grio   |  July 29, 2013

theGrio and CNBC Market Update: 07/29/13

Sales of previously owned homes fell more than 1% in June. However, prices rose 5.5%. New home sales rose to their highest level in five years, gaining more than 8% and new claims for jobless benefits rose by 7,000 to 343,000, but still below a key threshold. In the week ahead we expect jobs, consumer spending and housing data.

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