May 24, 2011

New Home Sales Rise 7.3% in April

In April 2011 new home sales rise to a high for the year after the last two months have recorded record low sales. Job gains and increased affordability may be starting to help a market that has lagged behind the rest of the economy. This I hope is a positive step in the right direction and according to the National Association of Realtors 37% of all sales have been bank owned foreclosures and short sales and 31% of all transactions on homes have been cash transactions.

 

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