U.S. Housing Market Trends
Contracts for sale of existing homes dropped for the first time in three months. Maybe it was just a summer phenomenon, with people focused more on vacations and back-to-school shopping than buying homes. Well, we can all hope so because the news doesn’t really bode well otherwise. The 1.3 percent slip is a sign that […]
New & Existing Home Sales Drop along with U.S. Average Price
August 19, 2011
in This Week in Real Estate Tagged average price, home sales, housing market, rentals, rentingWhen it comes to sweet mortgage deals, if you are hunting for a brand new home, chances are they are diminishing in numbers, albeit slowly. The U.S. Commerce Department said Tuesday that new housing starts slid 1.5 percent in July to an annualized rate of 604,000 units, compared with 613,000 the previous month. It’s a […]