April 2007 New Home Sales Up Over March, Down 10.6 Percent Year Over Year
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It looks like April was a bit of a wash. Sales of new homes were up 16 percent over a very disappointing March which is good news. But comparing year over year sales for April, 2007 was down 10.6 percent. These numbers have a high degree of error so they should be treated as estimates, but still not the new that home builders were looking for.
Sales of new one-family houses in April 2007 were at a seasonally adjusted annual rate of 981,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 16.2 percent (±13.0%) above the revised March rate of 844,000, but is 10.6 percent (±11.8%)below the April 2006 estimate of 1,097,000.
The median sales price of new houses sold in April 2007 was $229,100; the average sales price was $299,100. The seasonally adjusted estimate of new houses for sale at the end of April was 538,000. This represents a supply of 6.5 months at the current sales rate.Census Bureau
It probably is a really good time to buy real estate - monthly payments are about equal to market rents ...
The part about the inventory is right on but in my area they are mostly low end and beat up ...
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
ECONOMIC REPORT
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
Comment by Sheri Barry on 25 May 2007:
I live and work in the South East and I noticed it as well, that the April Market was slow. I will keep my fingers crossed for the summer months.
Comment by Sheri Barry on 25 May 2007:
OH and great article btw.