New Home Sales up for June!

Posted by Mike Ciucci on Tuesday, July 28th, 2009 at 5:00am.

New Home Sales UpU.S. Commerce Department officials said Monday that new home sales jumped 11 percent last month.  That’s better than analysts expected, and this marks the highest increase in 9 years for new homes.  Expectations for last month were to have 360,000 sales, but luckily expectations were surpassed with 384,000.

The federal first-time homebuyer’s $8,000 tax credit and low interest rates have really helped to boost the somewhat struggling real estate market.  Locally here in Charleston, June is typically one of the busiest months for the year, so any increase across the country is welcomed with open arms.  This may help an otherwise potentially difficult winter.  To see an increase like this across the country shows signs of growth and encouragement.  David Resler, chief economist at Nomura Securities went on the record saying, “The worst of the housing recession is now behind us.”  We can only hope for this to be the case.

The National Association of Realtors also stated that existing home sales rose for 3 straight months, which hasn’t happened since early 2004.

  Mike Ciucci Realtor

Mike Ciucci specializes in the Charleston SC real estate market.  He has been a Charleston realtor for over 15 years, focusing on quality and attention to detail his clients have come to expect.

Mike Ciucci
Carolina One Real Estate

Phone: 843.608.8378

2 Responses to "New Home Sales up for June!"

Myrtle Beach Real Estate wrote: It seems that maybe we are on the brink of some scale of recovery. Good Blog

Posted on Wednesday, August 26th, 2009 at 2:41pm.

Pawleys Island Real Estate wrote: It certainly looks like we are moving towards the upside for a change. Alittle at a time but very encouageing.

Posted on Tuesday, October 6th, 2009 at 4:09am.

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