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An auction in Motor City of around 6,000 foreclosed properties found an mystery bidder who has offered $3.2 million for the buy.
Sales of new U.S. single-family homes rose in September, but a sharp downward revision to August's sales pace pointed to a fragile recovery.
The wealthy are cloaking their names when buying homes, raising unsolved mysteries surrounding some high-profile properties.
Double-digit price gains for homes from just a year ago are disappearing, and suddenly it's no longer a seller's market.
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