The U.S. Census Bureau and the Department of Housing and Urban Development today announced that sales of new, single-family homes fell in the month of January, decreasing 10.2 percent from December’s numbers.
“Today’s new home sales report is reflective of what we saw yesterday on the existing home sales front. The silver lining is that homes are priced at affordable levels and long-term interest rates remain attractive,” said Bob Walters, chief economist for Quicken Loans.
“It will be interesting to see how new incentives such as the $8,000 first-time home buyer tax credit impact future sales.”
Related Info
- Do you want to buy a new home? Start by getting a free credit report from Quizzle.com.
- View our most popular home loan mortgages.
- Learn more about the new $8,000 tax credit for first-time home buyers.
3 Ways to Contact Us
- Call (800) 687-0522
- Chat Online Now!
- Get Started Online
WE WANT YOUR FEEDBACK