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Real Estate News Brief: New Home Sales Surge, Investor Optimism, Fast Internet
In this Real Estate News Brief for the week ending June 25th, 2020... new home sales are surging, real estate investors are feeling optimistic, and a home buyer priority that can make or break a sale.
We begin with economic news from this past week, and some promising signs for the housing market. The government reported a big surge in the sale of new homes in May. They were up a seasonally-adjusted annual rate of 16.6%. In May of last year, they were up 12.7%. The Northeast experienced the biggest increase. Sales were up 45.5% in that region. The national median sales price for a new home is $317,900.