Mortgage Economy Information
This article gives all the new home sales stats for the year past defined on July 25th, 2012.
Oddly enough, new home sales plummetted while median home sales prices also declined. Usually when home prices decline home sales go up, but with all the information about the current mortgage economy I blogged about earlier, this isn't a surprise. The big surprise comes from the fact that home supply is near a record low. Median prices of homes shouldn't be falling if demands for home is high from the low supply of homes. Right now all the financial data is pointing to some ill signs.
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