Home sales fall

New home sales fall in March

Even in light of historic low mortgage rates new home sales have been for the third month in a row. March figures which were just reported, show that new home sales were down 1.5% according to the Commerce Department’s report.

Home sales fall

The rate of new home sales as steadily dropped since January 2016. The Commerce Department’s report also showed a huge sales dropped for new home sales in the West. The West showed a drop of 23.6% in March. The only good news in this report as far as new home sales go was the fact that on a year to date pace compared to 2015, we are slightly ahead in the number of sales this year. Read more