The Wall Street Journal published an article today that the sale of new single family homes rose 4.8% in September to a rate of 770,000.
The rise in new homes sales was attributed to stronger demand in the WEST. There was enough demand in the Western region of the U.S. to compensate for lags in other parts of the country.
The median price of new homes sales across the U.S. rose 5% to $238,000.00.
GREAT NEWS that the inventory of new homes is being absorbed. This should impact the home prices in the Valley. ALL GOOD NEWS FOR SELLERS!
Time to buy your new home before Home Prices in Palm Springs and interest rates start to rise.
Buying or Selling call Mike McCoy or Ken Simpson at 760-333-1834 for your free no obligation consultation. www.McCoySimpsonProperties.com
Friday, October 26, 2007
Real Estate Prices UP 5% in the US stronger demand in the West
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