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Update: US Existing Home Sales Drop Unexpectedly in March

The rate of sales of existing or previously occupied homes fell unexpectedly in March due to limited supply of inventory and tight credit-availability. Sales inched down 0.6 percent to an annually adjusted rate of 4.92 million homes. In a previous poll conducted by Bloomberg on 66 experts forecast that sales of these homes would probably rise 0.4 percent, the highest since November 2009. However, the reality was far from the forecast.

Most Expensive Home of Britain Asking for $381 Million

The Eurozone’s recession might still be painting a gloomy picture but looks like the property market has just been set ablaze. Britain’s most expensive residential property, currently in a pocket listing is asking for a humongous $381 million (£250).

Grimshaw Architects Submits Designs for the Aspire Tower in Sydney (PHOTOS)

Grimshaw Architects, a London based architecture firm has just submitted its designs for a 90-story mixed use skyscraper, the Aspire Tower, which will be built in the suburb of Sydney, Australia.
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