Rates of new home sales continue to increase in the U.S., according to the National Association of Realtors. The trend began in May of 2019 and has continued through May of 2020, with a total of 619,000 new homes sold. The average price of a new home is also on the rise, reaching $321,500 in May of 2020. The rise in new home sales is attributed to a number of factors, including low interest rates, a tight housing market, and a growing economy. This trend is expected to continue into the foreseeable future, making now a good time to buy a new home.
You can read this full article at: https://www.housingwire.com/articles/new-home-sales-continue-to-climb-in-2023/(subscription required)
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