July new single-family home sales surged to a nine-year high due to a strengthening job market and low home loan rates. New Home Sales rose 12.4 percent to an annual rate of 654,000, above the 580,000 expected, while June was revised lower to 582,000 from 592,000. The Northeast led the charge with a whopping 40 percent surge. Sales are up 31.3 percent from July 2015. The median price for a new home slipped 0.5 percent from a year ago to $294,600. Also check out the new blog article below!
Also check out our most recent blog post on TeamMoveMortgage.com/blog about Veterans and Active Duty being able to purchase a home as a primary residence while living a long distance from the new home. Great info for Realtors to share!
I hope you find this information helpful.
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