The amount of new homes sold around the country last month remained pretty much unchanged from the month prior. The sale of newly built, single-family homes in July fell 0.7 percent to a seasonally adjusted annual rate of 298,000 units, according to the U.S. Commerce Department. Technically, the dip marks the third straight month of …
The Chicago real estate market struggled in 2010 along with the rest of the country, but now comes word that new U.S. home sales rose much higher than expected at the end of the year. The Commerce Department reported that sales jumped 17.5 percent in December to a seasonally adjusted 329,000 unit annual rate. It’s …
I try to shield my Chicagoland Real Estate Forum readers from bad news, but when it’s a record, I gotta let you know. Something tells me this news isn’t going to surprise you, anyway. The U.S. Commerce Department released a report this week showing that nationwide sales of new homes fell 12.4 percent in July …
