New Home Sales Fall 11.3% from October
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
It looks like new home sales are slowing down.
Sales of new homes plunged in November by the largest amount in nearly 12 years, the most dramatic evidence yet that the booming housing market is starting to cool off.
The Commerce Department reported yesterday that sales of new single-family homes fell by 11.3 percent last month to a seasonally adjusted annual rate of 1.245 million units.
Analysts had been expecting a drop of around 8.7 percent given that sales in October had jumped unexpectedly to a record high. But many said the size of the decline was a clear indication that the five-year boom in housing has peaked.
In addition to the big plunge in sales, the median price of a new home dropped by 4.1 percent from the October level to $225,200. That was up only 0.3 percent from November 2004, representing a marked slowdown from what had been double-digit price gains. AP
Now thats an awesome image! Technology is simply becoming amazing! 
Wow! Some terrible experiences... Keep in mind that in every profession there are bad actors and on the other hand ...
Banks need to be able to loan to other banks without fear of loss. We need to take back the ...
I bet you that the default rate among this group is very low. 
I think real estate is generally a more secure investment because its has a physicality to it. You can ...
That is amazing! Our clients love using Google Maps new feature that allows them to virtually walk down the street ...
Tom,
I am a commercial REALTOR with our local Coldwell Banker Commercial affiliate (2 different corporations), so I am not involved ...
Edward
Thanks for the clarification. Great stuff!
Tom 
Senate Bill 1461
As a result of SB 1461 all California real estate agents will be required to display their DRE ...
A Google search led me to your comments on the illegal alien mortgages. Having been involved in identity theft ...
