INFO THAT HITS US WHERE WE LIVE & Beyond ..
By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
INFO THAT HITS US WHERE WE LIVE & Beyond .. QUOTE OF THE WEEK... "What's the use of happiness? It can't buy you money." --Henny Youngman, British-born American comedian and violinist Neither money nor happiness played a big role in last week's housing market reports. New Home Sales in September dropped 11.5%, sinking to a 468,000 annual rate. However, these sales are still up 2.0% compared to a year ago. Other positive news included a 9,000 unit increase in inventories, a good sign in the current supply strained market. The median price of new homes sold was up 13.5% from a year ago. It should also be remembered that new home sales surged in August. With this monthly volatility, the trend is what's key, and even with September's slide, new home sales in the last year averaged the fa...
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