New Home Sales Hit All Time Low

Yikes Purchases decreased 2.2 percent to an annual pace of 308,000, figures from the Commerce Department showed today in Washington. The median sales price climbed by the most in more than two years. The new-home market is vying with foreclosure-induced declines in prices for existing homes in an economy where unemployment is forecast to average 9.6 percent [...]Thanks for reading this post. If you would like to see more articles like this, please come visit The Real Estate Bloggers. where it was originally published.New Home Sales Hit All Time Low Related posts:Pulte Homes Says New Home Sales Will Increase When Foreclosures Slow Down In a candid moment Pulte Homes CEO Richard Dugas says... Myrtle Beach Neighborhoods See Up To An 80 Percent Drop in Home Sales Who says speculation was o