Hojin's SW Orlando Real Estate Scoop

Real Estate News for Dr. Phillips, Windermere, Gotha, Celebration, Winter Garden, Ocoee, Clermont, Metrowest

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Finally Some Good News about Housing

August 24th, 2007 · No Comments

wall st bullWoohoo! The sale of new single family homes rose 2.8% in July according to the Commerce Department today. Although this is probably the only good news about the real estate market in ages builders are still scaling back on their new projects so the bulls for housing are not running yet. According to the same report the supply of new homes is the lowest its been since January of 2006 and that there are 7.5 months of supply of new homes on the market. My guess is that the next report will show a slowing market but heck I’m glad we’re hearing some good news and hope for a turnaround or at least a stable market. You can download the entire report at www.census.gov/const/newressales.pdf

Tags: Market Statistics