Nationwide, sales of new homes last month bucked the current downward trend, actually rising 2.8 percent from June.Analysts projected that sales would continue to slide in July, but the slight increase has given some hope that the housing market might be seeing initial signs of recovery.July sales were at a seasonally adjusted annual rate of 870,000, according to a U.S. Census Bureau report released this week. However, that’s still 10.2 percent below the July 2006 estimate of 969,000.The median sale price of a new house last month was $239,500.

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