New Home Sales Rise – Don’t Get Too Excited
The Commerce Department reported(.pdf) that new home sales surged 27 percent in March as buyers rushed to get under contract in advance of the expiring homebuyer tax credit next week. As opposed to yesterday’s report on existing home sales that reflect closings, new home sales figures reflect contracts signed, meaning that there may be… Continue Reading New Home Sales Rise – Don’t Get Too Excited
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timiacono