The Commerce Department said Monday that new-home sales fell 2.3 percent to a 295,000 - a six-month low – and less than half the roughly 700,000 that economists say must be sold to sustain a healthy housing market.
But all home sales remain weak. August sales for previously occupied homes at a seasonally adjusted annual rate of 5.03 million were slightly above last year's sales but still almost a million … (0 comments)
home buyer expectations: Housing Affordability and Realistic Expectations
- 03/21/08 04:24 AM
Housing affordability is a complicated issue. Building affordable housing is not simply a matter of builders building less expensive homes. It requires the cooperation of a number of parties, including but not limited to state and local governments, land owners - both those selling developable land and those living adjacent to that land, lenders, Realtors, and the home buyers themselves. Today we will discuss the home buyers. In a research study conducted by Better Homes and Gardens in January surveying more than 2,000 home enthusiasts from across the country who bought a new home in the past 10 years or plan to … (0 comments)
Sales of new U.S. homes fell to in August. The fourth straight monthly decline during the peak buying season suggests the housing market is years away from a recovery.
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