US new home sales beat expectations
New Home Sales Jump More Than Expected In December
The seasonally-adjusted estimate of new houses for sale at the end of December was 494,000. That represents a supply of 8.5 months at the current sales rate. Earlier this month, home builders said cancellations on new homes were increasing because of high mortgage rates.
The post New-Home Sales Rose in December in Defiance of Higher Mortgage Rates appeared first on Real Estate News & Insights | realtor.com®.
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