New Home Sales in U.S. Reach Highest Level in Ten Years

ㅤ”The average selling point for new homes in October reached a record high $400,200, which suggests that most newly-constructed homes that are selling are for high-end buyers.
ㅤWhile new homes account for ten percent of the market, seven percent of all sales last month consisted of homes priced at $750,000 or more.
ㅤThe majority of these new home sales are taking place in the northeastern U.S.—new home sales increased by 30.2 percent to their highest level since October 2007 in the Northeast, according to the Commerce Department report.”

ㅤô¿ô …The Congressmen and Senators who insist on keeping the mortgage interest deduction and the property tax deduction represent the privileged. Get it?

Full story at Breitbart, image from breitbart(.com) • economy, gdp, gross domestic product, salt, standard deduction, tax deductions, housing demand, housing, real estate, mortgage

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