NEW HOME SALES: A big drop in the price of the typical new home sold in April spurred much better than expected sales, according to the latest government reading.
New homes sold nationally at an annual pace of 981,000 in April, up 16.2 percent from the revised pace in March. The gain in sales compared to March is the biggest jump in 14 years.
Builders are dropping prices and clearing out excess inventory. If the trend continues, the troubled markets of Phoenix, Scottsdale, Las Vegas and San Diego will stabilize, the pre-owned home market will improve and folks wanting to relocate to Durango will have an easier time doing so. This is good.
http://homesindurango.com/ / http://durangorealestate.biz/
New homes sold nationally at an annual pace of 981,000 in April, up 16.2 percent from the revised pace in March. The gain in sales compared to March is the biggest jump in 14 years.
Builders are dropping prices and clearing out excess inventory. If the trend continues, the troubled markets of Phoenix, Scottsdale, Las Vegas and San Diego will stabilize, the pre-owned home market will improve and folks wanting to relocate to Durango will have an easier time doing so. This is good.
http://homesindurango.com/ / http://durangorealestate.biz/
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