"New-Home Sales Jump as Buyers Snag Lower Mortgage Rates"
Posted by Grossman & Jones Group on
Realtor.com writes, "more folks snapped up newly built homes last month thanks to lower mortgage rates.
The number of new homes for sale and sold in December jumped 8% compared with just one month earlier, according to a recent government report. Sales rose 4.4% year over year, according to the seasonally adjusted numbers in the U.S. Census Bureau and the U.S. Department of Housing and Urban Development report.
That was a reversal from November, when the number of sales fell 9% from October.
“This month’s new-home sales data suggests that eager buyers are ready and willing to jump into the housing market with each improvement in affordability,” Realtor.com® senior economic research analyst Hannah Jones wrote in her new-home sales commentary.
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