Strongest Rise in New Home Sales In Over 2 Years

Thursday, December 27th the Census Bureau reported that new home sales rose to the annual rate of 377,000 in November. This is an increase of 4.4% from October and 15% from earlier in the year. It is the highest increase since April of 2010 when sales were affected by the temporary $8,000 tax credit for home buyers. With better existing home sales and construction, record low mortgage rates, lower unemployment, and a drop in foreclosures, the housing market is showing signs of improvement.

This entry was posted in Real Estate News and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.