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Originally Posted by koop
New-home sales tumble 11.3% in November
WASHINGTON (Reuters) — Sales of new homes fell 11.3% in November, biggest decline in nearly 12 years, as the number of houses for sale hit a record high, according to a government report on Friday that offered more evidence of a cooling housing market.
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All true but December home sales will show the bounce, November was an eerie month for us in the RE biz thats for sure but December was the save.
New home sales will take an even harder hit this spring when Katrina rebuilding gets into full swing but existing homes sales will make up for it.