New Home Sales up 11%! Highest Increase in 8 years! Woo-Hoo!
Top story on www.Bloomberg.com today is the monumental increase in new home sales, up 11%!
I know most of us don't deal with new homes, but it shows some hope that we've hit bottom at least.
One thing with new homes, though. They've been selling basically at cost just to keep the crews working and the doors open, so that artificially low price has maybe artificially driven the sales. I spoke with an agent over in Daytona Beach on Friday that said a new construction home her client has been looking at has had 2 price increases in the last 2 weeks!
Let us dwell on the positive message this is sending... it will also tell the rest of America that if they've been waiting for the bottom... IT'S HERE!
Click Here to read the Bloomberg story.
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