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New Home Sales Down 8.7% in August

The U.S. Government is reporting that sales of new single-family houses in August, 2023 were at a seasonally adjusted annual rate of 675k, which is 8.7% lower than July’s revised rate and is 5.8% higher than one year ago. The median sales price of new houses sold in August was $430,300 with an average sales price of $514k. Continue reading HERE...

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Existing-Home Sales Up 3.1% in January

The National Association of Realtors is reporting that existing home sales were up 3.1% in January to a seasonally-adjusted annual rate of 4 million (down 1.7% year over year). Total housing inventor

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