Earlier today, the government reported sales of new homes rose 7.6% in May. According to the census bureau, sales hit an annual rate of 369,000, which is higher than the revised April rate of 343,000 and a 20% year-over-year increase. The sales also eclipsed most economists’ forecasts of rates at 350,000. This recent report is aligned with other positive indicators in the housing market:…
View the full post at http://blog.t3live.com
