St Louis Mortgage and Real Estate News –
St Louis Finance News: New Home Sales Seem To Be Dropping
News Press Hot Line: 314-334-0210 | Floyd Tapia
Bad news from the Commerce Department which reported that new home sales dropped 12.4 percent to a seasonally adjusted annual rate of 276,000 last month, down from a downwardly revised 315,000 in June.
Sales year-over-year fell 32.4 percent. Sales were forecast to tick higher to an annual rate of (more…)
