New Home Sales Have Risen

With all the super deals, increased home inventory, low interest rates, and the tax credit it is no wonder that the housing market statistics picked up in June. This is encouraging news for the market and the economy. Remember approximately two months left to get a home under contract to take advantage of the tax credit.

” Sales of newly built single-family homes rose 11 percent in June to an annualized rate of 384,000, according to a report released Monday by the U.S. Department of Housing and Urban Development.

“Analysts called the report a good sign. But overall, business is better.”

“The time for getting deals is going away.” Markstein said.

Source:Â Realtor.org

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