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Sunday, July 10, 2016

New Home Sales Fell Sharply in May, suggesting Still Volatile Market Ahead

New-home sales declined 6% in May to a seasonally adjusted rate of 551,000 from a downwardly revised 586,000 in April, the Commerce Department said late last month.

Northeast (including NY) sales slumped 33% from April to May while the West suffered a 15.6% decline.

Considering the data, the US housing market is still volatile and still not out of the woods yet. No wonder it is hard to sell your house in Brooklyn and the Bronx quickly.


Having said that, there is always a way to have your house sold fast. As a local cash buyer, We Buy Houses "As Is" All Cash and Close within 7-10 days. 

For more information, please visit our main website at SellMyHouseBronx.com



 

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