Month: February 2013

New Home Sales Highest in 5 Years..But

Last week, The National Association of Realtors said existing home sales were up just 0.4% with inventories being reported as the reason for a lower than expected reading.  In fact, inventories across the U.S. fell 4.9%, or 25% year-on-year, to 1.74 million, which was the lowest since Dec. 1999. It seems that those lower inventories, New Home Sales Highest in 5 Years..But