New home sales dropped for the third consecutive month in the U.S., while the housing supply hit its highest level since 2009. Government data show that single-family home sales dropped 0.6 percent month over month to an annualized pace of about 618,000, while the median sales price went up 9.7 percent to $326,800, according to Bloomberg. The numbers show that the market for new homes is cooling off overall, and the report goes against prior […]
source https://therealdeal.com/2018/03/23/us-home-sales-fall-for-third-straight-month/
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