Reported about 2 months ago
Recent data shows a significant increase in new home sales in the US, with existing home sales also rising slightly. According to Lawrence Yun, Chief Economist for the National Association of Realtors, falling mortgage rates, now at a year-low of under 6.5%, are creating more opportunities for buyers and sellers in the housing market. As mortgage rates continue to decline, more potential sellers are expected to enter the market, improving inventory and choices for consumers.
Source: YAHOO