New Homes Sales Sink 33 Percent

For the well-informed real estate professional

23 June 2010 No Comment

According to the Associated Press, sales of new homes sank 33 percent, hitting the lowest level on record. The drop is being attributed to potential buyers ceasing their search once they were no longer eligible to receive any homebuyer tax credits.

The AP reports that the Commerce Department says new home sales fell in May from a month earlier to a seasonally adjusted annual sales pace of 300,000. That was the slowest sales pace on records dating back to 1963.

(No Ratings Yet)

Loading ...

Leave your response!

Agent Publishing

What is Agent Publishing?

Agent Publishing is the leading residential real estate publisher in the United States. With titles in the most influential major cities, Agent Publishing excels in capturing the real estate professional.

Whether it's an article on improving your business, a special feature on the newest real estate brokerage, top producer interviews or an in-depth report on what’s happening in your local real estate market, we consistently engage the affluent real estate professional. Beyond our websites and print publications we continue to capture the community through events, social media, branded content and custom publishing, Choose from several media properties in 3 major markets and stay tuned as we launch addition cities.

View our other locations!