March was a good month for sales of new homes but not such a good month for sales of existing homes. New home sales in the country hit a 16-month high, increasing by 4.5 percent to an annualized pace of 692,000, according to Bloomberg. The median sales price dropped 9.7 percent year over year to hit $302,700, a two-year low. The market’s strength indicates that lower mortgage rates, higher wages and a pause on borrowing […]
source https://therealdeal.com/2019/04/23/sales-of-new-homes-skyrocketed-in-march-sales-of-existing-homes-not-so-much/
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