new home sales: New Home Sales- Homes for Sale in Atlanta - 02/27/11 07:25 AM
The Commerce Department reported (Wall Street Journal, Feb. 25, 2011) the sales of new homes declined 12.6% in January.  New homes have faced tough competition from the resale market due to foreclosures.   In previous years a foreclosure often needed work.  In today’s market many of the foreclosures are move in ready. 
The median price of a new home in January was $239,600.  The median price for a previously owned home was $158,800 according to the National Association of Realtors.  The resale cannot be compared to the new home, but a home a few years older than the new home at … (1 comments)