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New-Home Sales Improve, But Remain Below Year-Ago Level
Sales of new single-family homes rose 23.6 percent in June to 330,000 from a downwardly revised May rate of 267,000, the U.S. Commerce Department reported this morning. But the sales rate was 16.7 percent below the June 2009 estimate of 396,000.
The median sale price of a new home fell 0.6 percent in June to $213,400 from a year ago, when the median price was $214,700. An estimated 210,000 new homes were available for sale at the end of June, which represents a 7.6-month supply at the current sales pace.
Mon, Jul 26, 2010
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Randy Rutan, CRS
RE/MAX Realty Center
Poughkeepsie, NY
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What kind of activity do you see from first-time homebuyers now that the tax credit has expired?
Buyers are reluctant to purchase anything at this point, though they are still looking.
1 votes ( 25.00 %)
| Buyers are still shopping and making purchases, undeterred by tax credit expiration.
votes ( 0.00 %)
| Buyer activity has slowed considerably.
3 votes ( 75.00 %)
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Total Responses 4
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