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Shares of Freddie Mac were down 93 cents, 1.6%, to $59.06 in afternoon trading Friday, while Fannie’s shares took a 1.7% hit, off $1.04 at $60.96.
The struggling housing market has been well documented, but at least one analyst is hopeful home builders can get back on track. Wachovia analyst Carl Reichardt said Friday that KB Home
(nyse:
KBH -
news
-
people
) has been smart in lowering home prices and focusing on first time buyers. The praise comes just two days after the home builder said sales plunged 32% in its most recent quarter. Shares of KB fell 13 cents to $24.58, a 0.5% drop.
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