Sales of newly constructed homes were up 7.2% in January from December, but fell 19.4% from a year ago, according to a joint report from the US Department of Housing and Urban Development and the US Census Bureau. January’s month-over-month gain was the same as an upwardly revised 7.2% jump in December from November, and suggests the housing market may be stabilizing.
But in addition to volatile mortgage rates, another challenge for many buyers has been finding homes on the market to buy. “Price adjustments and builder incentives helped to push the sales pace in a positive direction,” she said. “January had the lowest level of existing home sales in over a decade – and motivated buyers are increasingly seeking new homes because there is limited resale inventory available.
'Romania and Ukraine two sad neighbours'
BlackRock becoming more emboldened.
We need a national program to buy blacks homes regardless of their income. Right?
How many of these purchases are from first time home owners? If it's mainly '''investors''' then make them face the wall.