Keeping you updated on the market! For the week of March 1, 2010 MARKET RECAP It appears the trend is no longer our friend, at least when looking at recent data on new and existing home sales. New-home sales, in particular, have had a rough go of it, though not as rough as January's showing, where sales dropped 11.2% to an annual rate of 309,000 units. This is the lowest sales rate going back nearly half a century. The sales drop helped push the national median price down to $203,500, a 5.6% discount from December's median price of $215,600, while helping to push inventory up to a 9.1-month supply. However, the news on new-home sales becomes a little more palatable when placed in a larger context. The fact is that at least a few homebuilders, particularly Toll Brothers, remain upbea...
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