We are in the midst of financial turmoil as the economy is slowly coming to a grinding halt and today comes more bad news in the real estate market. Today the August Housing Report was released with unfortunate bad news. The report details that new homes sales fell to the slowest pace in 17 years. Additionally, the average sales price fell by the largest amount on record. In August new home sales fell by 11.5 percent to the slowest sales pace since January 1991.
For a complete article on this report click here.
Get Educated. Get Empowered.
For more information on this or any other topic, call Sal Poliandro, Broker Associate, Realtor, Marketing Advisor,
Short Sale Specialist and CDPE, Certified Distressed Property Expert
ePRO, SRES at 201-957-7650, visit our website: www.BCHomeTeam.com
Follow me on Twitter: @salanddawn
Sal can be reached by snail mail at RE/MAX Properties 82 East Allendale Road Suite 4B Saddle River, NJ 07458