New home sales rose in November, defying expectations | CNN Business

Sales of newly constructed homes rose 5.8% in November from October, but were down 15.3% from a year ago, according to a joint report from the US Department of Housing and Urban Development and the US Census Bureau. This is the second consecutive month of sales increases. Sales of new single‐family houses were at a seasonally adjusted annual rate of 640,000 last month, up from a revised 605,000 in October. Sales were down from last year’s rate of 756,000.

08% for a 30-year fixed-rate loan – and have been falling since. Some buyers have taken advantage of the lower rates. “The combination of high mortgage rates and economic uncertainty is still causing some hesitation among buyers, but an increase in sales is a positive indicator,” said Kelly Mangold, a principal at RCLCO Real Estate Consulting.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Silicon Valley home values drop 3.3% in November, most in the nation - Silicon Valley Business JournalSan Jose has seen a sharp decline in home values since they peaked in April at nearly $1.7 million.
Source: svbizjournal - 🏆 334. / 59 Read more »

50 states sign up for Walmart's opioid settlement framework | CNN BusinessWalmart said it has reached settlement agreements with all 50 US states as part of a $3.1 billion nationwide opioid settlement announced last month. corruptiondenier network Walmart is an evil capitalist company, this is why we need higher taxes.
Source: CNN - 🏆 4. / 95 Read more »

Santa's house has soared 12% in value over the past year, Zillow says | CNN BusinessZillow said Kris Kringle’s 3-bedroom, 2-bathroom North Pole property is now worth $1,154,137 — an increase of 12% over the past year. I’m sure Santa’s house would be worth more than a mill. He’s running a plantation. no one cares about santa's networth you freaks
Source: cnni - 🏆 326. / 59 Read more »