September 14, 2007

New Home Sales Bounce Back in July

New Home Sales Bounce Back in July

 

The pace at which newly constructed homes are selling remained unpredictable in July, beating forecasts by rising 2.8 percent over June’s rate, according to a report issued today by the U.S. Census Bureau and the Department of Housing and Urban Development.

 

Builders have reduced their asking prices and offered incentives to create more consumer interest in the excess housing inventory.  On the lending side, despite the noise emanating from the subprime issues, most people have good credit and can document their income, and still have many financing options available to them.

 

The inventory of new unsold homes has dropped from 7.5 months to 6 months.

 

 

Service Plus Realty is a real estate company providing the highest quality service for buyers and sellers throughout the Shreveport-Bossier City, LA area, including: Barksdale AFB, Central Shreveport, Benton and surrounding cites. To begin searching for Shreveport real estate or Bossier City real estate, simply click the "Search for Shreveport Real Estate" link at the top or bottom of this page.

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