sales post unexpected April increase
WASHINGTON -- Sales of new homes rose in April for the first
time in six months, although the unexpected increase still
left activity near the lowest level in 17 years.
The Commerce Department reported that sales of new homes
rose 3.3% in April to a seasonally adjusted annual rate of
Home Buyers Start Your Engines
If you were thinking of buying a home, start looking.
The latest data from the housing market shows that sellers,
after months and years in denial, are finally giving in to
reality and slashing prices.
There is a distance still to go. There may even be a lot to
go. But the process, long delayed, is now well underway.