• Tweet

• Tweet

The U.S. Census Bureau, along with the Department of Housing and Urban Development, today announced that sales of new, single-family homes increased 9.6% in July when compared to the month prior.

Quicken Loans Chief Economist Bob Walters said this season’s economic environment has been inviting for new home sales.

“Sales of new homes continued to climb in July, as the summer selling season reached full bloom,” said Walters. “There are many economic conditions that led to the surge, but certainly low mortgage rates, huge price reductions on the high inventory of new builds, and the first time home buyer tax credit have been instrumental in getting consumers to take the plunge into the real estate pool of opportunity.“

• Get started buying a home with the Quicken Loans Home Buying Center.
• Get started refinancing your mortgage with the Quicken Loans Home Buying Center.
• Not sure of your credit score? Get a free credit report from Quizzle.

 Printer Friendly Version