Metro East REIA
- Jul 5, 2021
- 1 min read

New Home Sales Down 5.9% from April

The U.S. Government is reporting that sales of new single-family houses in May, 2021 were at a seasonally adjusted annual rate of 769k, which is 5.9% lower than April’s revised rate and is 9.2% higher than one year ago. The median sales price of new houses sold in May was $374,400 with an average sales price of $430,600. There were an estimated 330k new houses for sale at the end of May representing a 5.1-month supply at the current sales rate. Continue reading HERE...

Recent Posts

See All

Over 100 Zip Codes Switch From Homeowner to Renter Majority

A recent report from Rentcafe says renting is at the highest level in half a century, with 43.7 million households currently living in rentals. In addition, the report says that over the past decade,

Housing Starts Down 8.1% in September

The U.S. government is reporting that privately‐owned housing starts in September were at a seasonally adjusted annual rate of 1,439,000, which is 8.1% lower than August’s revised number and 7.7% lowe

Buyers Prevented from Moving into Foreclosed Home by “Supposed” Renters

According to a recent report from DC’s WUSA9, a couple in Maryland had a contract with a bank to buy a vacant foreclosed home, however when they went to move in there was a rental truck in the drivewa