Jobless claims rise while homes sales drop; recession may be slowing but recovery far off

WASHINGTON — Worse-than-expected news on unemployment and home sales Thursday dampened optimism that a broad economic recovery might be near.

Existing home sales fall 3 percent in March; prices plunge 12 percent

WASHINGTON — First-time homebuyers looking for bargains snapped up about half of all homes sold last month, but the spring selling season is getting off to a lackluster start with sales falling more than expected from February levels.

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