Friday, February 28, 2014

Great Numbers for January!

Despite the bad weather and poor economic predictions, January's new home sales reached its highest level in more than 5 years!

Consumer confidence remains stable, home prices are increasing as inventory decreases and interest rates remain at historic lows.

Economists predicted a 6% drop in new home sales for January and were pleasantly surprised to see the increase especially after some brutal snow and ice storms kept many people home.

The south experienced a 10% increase in new home sales. See the chart below for more detail on the rise and fall of home sales and the upward trend we are pleased to be on!

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