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i'm ann curry. >> and i'm carl quintanilla. matt is on assignment. meredith has the morning off. it's great to be with you this morning. economy's been a big story all week long. now new home sales are painting an even bleaker picture of the real estate market and the overall economy. >> that's right, carl. sales of new homes dropped more than 12% nationwide in july to the lowest point ever recorded. that's much lower than expected. we're going to have more on this and what it means for you straight ahead. >> also ahead, we recently told you about one of the richest women in the coun...

they'll have to meet to call this a hate crime and who is this kid? >> he's 21 and he lives in the suburbs of new york and his name is michael enwright. he was also a student filmmaker, that's why he was in afghanistan doing a film about a buddy of his who is based there. so, a lot of contradictions about who this person is. it appears it be a hate crime because he allegedly said other things in arabic to the cab driver and apparently targeted him and asked him if he was a muslim and celebrating ramadan, the holy month going on now. those are the indications that it was a targeted at...

photo for their scrapbook "today," thursday, august 26th, 2010. captions paid for by nbc-universal television and welcome to "today" on this thursday morning. i'm ann curry. >> and i'm carl quintanilla. matt is on assignment. meredith has the morning off. it's great to be with you this morning. economy's been a big story all week long. now new home sales are painting an even bleaker picture of the real estate market and the overall economy. >> that's right, carl. sales of new homes dropped more than 12% nationwide in july to the lowest point ever recorded. that's much lower than ex...