Categories: Good To KnowPublished On: May 23rd, 2024

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New Single-Family Sales Drop 4.7% in April; Mortgage Rates Remain High

Across the U.S., sales of single-family homes declined 4.7% to a seasonally adjusted rate of 634,000 in April, and overall sales were down 7.7% year-over-year, too, according to data released by the U.S. Census Bureau. Delving deeper, the median sales prices of new homes sold in April was $433,500, down 1.4% from March, though still…

The post New Single-Family Sales Drop 4.7% in April; Mortgage Rates Remain High appeared first on RISMedia.

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