Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, b...
WASHINGTON - Sales of new U.S. single-family homes rose to a near 1-1/2-year high in March, boosted by lower mortgage rates and house prices.
“In this housing market, affordability for buyers is key,” said Danielle Hale, chief economist at realtor.com. “This trend supports the fact that lower mortgage rates have started to entice buyers this spring and foreshadows a potential strengthening of existing home sales in the months to come.” New home sales are drawn from permits and tend to be volatile on a month-to-month basis. They increased 3.0 percent from a year ago.
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