New Home Sales Dip

The U.S. Census Bureau and the Department of Housing and Urban Development announced recently that sales of new, single-family homes fell to a 13 year low in February, dropping 1.8 percent from January’s numbers.

The new home sales report is disappointing, given recent positive existing home sales results, however, the fact remains that long-term interest rates are falling, homes are beginning to be priced in line with market expectations and we are just starting to enter the busy spring home buying season. 

When all these dynamics are paired with the fact that liquidity is slowly entering the market, loosening the death grip on credit, there is potential for gains in sales in the coming months.

Talk to us about why now might be the best time of this housing downturn to begin thinking about a new home.