Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said on Wednesday sales dropped 14.5 percent to a seasonally adjusted annual rate of 384,000 units, declining for a second consecutive month. The housing market has been slammed by an unusually cold winter, higher mortgage interest rates and a shortage of properties that is limiting options for potential buyers.

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Aviva, which says it discovered more than £110m worth of fraudulent claims last year, cites economic climate as a factor Continue reading...

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Execution-only platform takes steps towards satisfying regulatory demands as it looks to reopen to new clients later this year

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