New homes sold at a seasonally adjusted annual rate of 372,000 in July, according to the Commerce Department.
This is 3.6 percent above the rate a month ago just a bit higher than economist expectations.
However, sales remain well below the annual pace of 700,000 that economists consider healthy. As a matter of fact, it is now about half that level.
On top of that, The median price for a new house decreased 2.5 percent in July from the same month last year, to $224,200.
In the still weak housing market, it is hard to sell your house quickly, especially in the Bronx and Brooklyn where foreclosures are flooding into the market.
However, there is always a way to Sell Your House Quickly for CASH. For more details, please visit our main website.
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