HOME SALES
I've been away for a while due to some family illness, but I just read this from Money News:
WASHINGTON -- Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
New single-family home sales rose to an annual rate of 981,000 units from a revised rate of 844,000 in March, the Commerce Department said.
Analysts polled by Reuters were expecting April sales to rise to an 860,000 unit pace from a previously reported rate of 858,000 units in March.
In April, the median sales price of a new home fell $28,500 to $229,100 from $257,600 in March.
Buyers are still there! But they know a fair price when they see it. Price the home properly, and somebody will buy it.
WASHINGTON -- Sales of new U.S. homes rose 16.2 percent in April, the sharpest climb in fourteen years, while prices fell a record 11 percent, according to a government report on Thursday that showed home builders taking extraordinary steps to move houses.
New single-family home sales rose to an annual rate of 981,000 units from a revised rate of 844,000 in March, the Commerce Department said.
Analysts polled by Reuters were expecting April sales to rise to an 860,000 unit pace from a previously reported rate of 858,000 units in March.
In April, the median sales price of a new home fell $28,500 to $229,100 from $257,600 in March.
Buyers are still there! But they know a fair price when they see it. Price the home properly, and somebody will buy it.
posted by John and Flo Martin at 11:52 AM
0 Comments:
Post a Comment
<< Home