Tuesday, May 5, 2009

Analysts Say the Steep Slide in New Home Sales Appears to be Bottoming Out

On Monday, hopes that the recession is beginning to ease got a boost when reports were released showing that construction spending and pending home sales were better than expected in March.

  • Construction spending was up .3% in March, compared to an expected decrease of 1.5%.
  • Pending home sales were up 3.2% after a record low in January.
With sales starting to pick up, and prices still at incredibly low prices, now is a great time to go out and purchase that home you have been thinking about. Let us help you finance your new home. Call us at (866)854-4242 or Apply Online at CREFCO.

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