This Monday we learned about the increase in existing home sales. Well that isn’t the only number to be excited about. The number of new homes sales for April has also increased and a lot more than expected too. New home sales rose 15% bringing the number of expected sales for the year to be 504,000. That’s a 14.8% increase from March.
Industry analyst expected a sales increase, but not one that big. The homebuyers tax credit certainly played a part in these sales. Home sales are expected to drop next month. But that shouldn’t stop you if you’re looking to buy. Remember, even though the federal rebate has expired, you’re not out of incentives just yet. California has its own rebate but it’s in a first come first served basis.
Don’t let another opportunity pass you by. There are still plenty of good reason to buy a home. As always, let us know what you think in the comments section below. If you have any questions or want any other insider info, give us a call, or comment below.
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