New Homes Sales

Home Prices Make Record Jump

Housing Market Remains Hot
WAKA Action 8 News,
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Updated:

by WAKA Action 8 News

U.S. home prices jumped by a record amount in June as homebuyers competed for a limited supply of available houses, the latest evidence that the housing market remains red-hot. A 20-city home price index jumped 19.1% in June compared with a year earlier, the largest increase on records dating back to 2000. The annual price gains in June were higher…

Sales of New Homes Tumbled 7.6 Percent in August

Darryl Hood,
Posted:

by Darryl Hood

Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West. The Commerce Department says new home sales dropped 7.6 percent last month to a seasonally adjusted annual rate of 609,000 units. That followed a surge in sales in July, when…