New single-family home sales have grown to a seasonally adjusted rate of 417,000 units, a 1.5% increase according to the Commerce Department. New home inventory has also seen an increase, growing 2.0% with a total of 153,000 units. Sales have jumped 18.5% from this time last year while prices have also experienced a 3.0% increase. Experts expect home prices to continue to rise as inventory remains below average, but is expected to inch closer to average levels as the spring season continues. More here
"Story Time" Newsletters
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