WASHINGTON - Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.
“In this housing market, affordability for buyers is key,” said Danielle Hale, chief economist at realtor.com. “This trend supports the fact that lower mortgage rates have started to entice buyers this spring and foreshadows a potential strengthening of existing home sales in the months to come.” New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They increased 3.0 percent from a year ago.
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U.S. Existing-Home Sales Declined in MarchSales of previously owned U.S. homes sputtered in March, failing to build off strong gains in February, despite lower mortgage rates and a strong job market. Maybe bc families have to make a mortgage payment for daycare Effectively, under the GOP Middle Class tax increase, there is no tax deduction on the first $550,000 to $600,000 of a mortgage for a married couple. Buying a home is just not as good an investment as it used to be 🤷🏻♂️ If owning a home and deducting mortgage interest and property taxes is no longer helping us on taxes, why bother buying a home? repealtrumpstaxlaw
Source: WSJ - 🏆 98. / 63 Read more »
US new home sales rise to near 1½-year highSales of new U.S. single-family homes jumped to a near 1½-year high in March, boosted by lower mortgage rates and house prices. Kids, time to sell the properties you bought in 08. realestateinvesting
Source: CNBC - 🏆 12. / 72 Read more »