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National News - New home sales rebound 24%

By
Real Estate Agent with Crested Butte Collection

Hi Everyone,

New home sale up a significant amount over last month.  We'll take any positive news we can!  Although sale remain sluggish for the year hopefully this is a sign of thinks to come.  Sales are definietly up here in the Crested Butte area as prices have fallen to the lowest they have been in years.

Call me as I specialize in luxury homes and estates, ranch and acreage properties, condominiums, ski in/ski out, lake view, river frontage properties, golf course homes, residential and commercial developments as well as custom builder representation throughout the Crested Butte and Gunnison area.


Regards,

Corey Dwan
Benson Sotheby's International Realty
970-596-3219 Cell
Corey.Dwan@SothebysRealty.com
www.CrestedButteForSale.com

NEW YORK (CNNMoney.com) -- New home sales rebounded in June from the record low hit the previous month but remained sluggish.

New home sales increased 23.6% to a seasonally adjusted annual rate of 330,000 last month, up from an downwardly revised 267,000 in May, the Commerce Department reported Monday. Sales year-over-year fell 16.7%.

The June sales pace is the second slowest ever on record since the Commerce Department began tracking the data in 1963.

But it was slightly better than the annual rate of 310,000 economists were expecting, according to a consensus survey by Briefing.com.

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Comments (2)

Ralph Gorgoglione
Metro Life Homes - Palm Springs, CA
California and Hawaii Real Estate (310) 497-9407

Great news.

Thanks for the post.

Ralph Gorgoglione

Los Angeles Real Estate

Jul 26, 2010 05:01 AM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO
QSC,CDPE,CIPS,CNE,CRB,CRS,GRI,MRE,SFR

Excellent post! Very god news for real estate!

Thanks for sharing,

Adam

Jul 26, 2010 09:41 AM