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)