New Home Sales Hit 2 Year High!

Home Sales Hit 2 Year High! As we all know, home markets differ from region to region, but a new report out offers hope for the US as a whole. According to reports released today, the sales of newly-built single-family homes increased in May 7.6%. Of course, even with the rise, we're still far below the number we'd expect in a normal market, but it's a good indication that more potential home buyers are being drawn to the market. The inventory of used homes is shrinking every day, particularly in the lower price-ranges, which may also be a factor in driving the sales in new homes. What this means to me, is that we're finally starting to see the relief we've been hearing about for years now, and it can't get here soon enough!