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Entries for the ‘Real Estate’ Category

New Home Sales on the Rise

Cited: CNNMoney.com
According to a seasonally adjusted report by the Commerce Department, newly constructed home sales rose for the fifth straight month in August.  They inched up 0.7% from July, which is 3.4% lower than a year ago.  According to this seasonally adjusted annual rate, 429,000 more homes were sold and that is an increase from [...]

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US Unemployment Claims and Home Sales Drop

Cited: Reuters
An indication of a slower pace of the economic recovery is a reduction in the sales of previously owned homes in the United States that was unexpected in four months as of August.  However, this was overshadowed by David indicating a pall in the number of new jobless benefit claims in the US [...]

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