New Home Sales Rise for the 5th Straight Month!

As mentioned sales continue to be up and new home sales are back in full swing. Inventory is continuing to be pushed lower by buyer demand. New home inventory as at the lowest levels since 1992. As we approach the deadline for the tax credit (Nov. 30th) inventory will continue to dwindle. Many realtors including myself feel the tax credit will be extended into the spring however we are uncertain as to how long or even how much it will be. Homes that are moving seem to also be priced in the lower price ranges of $450k and below. I have included the new home sales article below.