July 14, 2024

new home sales
new home sales

Yesterday the National Association of Realtors reported that existing home sales for December were off  16.7% month-to-month. If that’s not bad enough, today the Census Bureau said new home sales plunged to a 9-month low in December.

These results are the weakest since March. Indications are that demand remains sluggish despite newly expanded tax incentives to spur sales.

The good news in this report is that new home sales in the west actually rose 5 percent   On the other hand, the Midwest saw sales of new homes plummet by 41 percent.  In the south, sales were off 7 percent.

San Diego real estate agent

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