New home sales increased 0.4% in October compared with September but were down 23% compared with October 2020, according to estimates from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
New home sales were at a seasonally adjusted annual rate of 745,000, as of the end of October, up from a rate of 742,000 in September.
The median sales price of a new home sold in October was $407,700.
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Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies
This article is featured in the 2023 edition of the Appraisal Buzz Magazine. Some other features we have in our magazine include Buzztoon comics, as
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