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Talking Points

Posted on August 6, 2016 by Community Real Estate

New home sales have reached an eight-year high, showing that the low mortgage rates combined with a solid job market are improving the economy, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

Sales of new single-family houses in June 2016 came in at a seasonally adjusted annual rate of 592,000, a 3.5 percent increase from the revised May rate of 572,000 and a 25.4 percent increase from June 2015 estimate of 472,000.

The median sales price of new homes sold in June was $306,700, while the average sales price was $358,200.

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!

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