Market Update: August new home sales recovered from a dip in July September 25, 2013 This morning’s new home sales report showed a 7.9% boost sales of newly built homes. Quicken Loans Chief Economist Bob Walters offers the following comments on the report: “August’s stronger new home sales number will ease some of the concern that rising mortgage rates are putting a wet blanket on the housing recovery. Pent up demand from July, along with stabilizing interest rates, should continue to drive a healthy housing recovery.” If you would like to talk to Bob about this topic or the current state of the housing market please contact us.
