FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google
Real Estate / The Ticker
Census Bureau

New home sales plunge 13% in July

/ Print / Reprints /
| Share More
/ Text Size+

New home sales dropped in July, plummeting to 394,000 completed transactions, according to government data.

When evaluating single-family homes specifically, sales declined 13.4% in July, below the revised July rate of 455,000 units, the Census Bureau and the Department of Housing and Urban Development noted in a report released Friday.

However, this is still 6.8% above the July 2012 estimate of 369,000 units.

The median sale price of new homes sold in July reached $257,200, up from $249,700 in June. July’s average price was $322,700.

However, housing experts say it is too early to panic over the steep drop.

Recent Articles by Christina Mlynski

Comments powered by Disqus