Housing Perspective: December New Home Sales

By RYAN TAYLOR The Commerce Department reported a 14.7% drop in the seasonally adjusted rate of new home sales in December. Builders unloaded just 482,000 homes, the lowest number since 1982, while the median price slipped 9.3% from December 2007 to $206,500. Tough to find a silver lining in this release, the numbers pretty much [...]

January 29, 2009 | Comments »