New Homes Sale Up but Median Price Down 2.6%

According to the Census Bureau report, new home sales were up in August to 9.6% to an annual volume of 1.18 million while the median price was down 2.6% to $267,000.

Mortgage rates are still exceptionally low with the bond at 3.99% and the stock market continuing to falter. We should see these low mortgage rates continue for some time.

Thanks for Reading.
Jessie J. Beaudoin