Sales of new homes in the United States sank in June and prices fell, signaling weakness in the struggling housing market, official data released Thursday showed. The housing market has been struggling to recover from a long soft patch due to higher mortgage interest rates, lack of inventory that pushed prices higher, and high unemployment. Sales of existing US homes, the majority of the US housing market, hit the highest level in eight months in June as home price gains slowed to "more welcoming levels," the National Association of Realtors reported Tuesday.
ALGIERS, Algeria (AP) — An Air Algerie flight carrying 116 people from Burkina Faso to Algeria's capital disappeared from radar early Thursday over northern Mali during a rainstorm, officials said. France deployed fighter jets to search for wreckage and the country's president said the plane most likely crashed.