2009 New Home sales to date=292
2008 New Home sales for the same time frame=339
This is about a 14 % decrease in new homes sold.
The following represents new and existing homes sold, Jan 1-Nov 28
2004=1669
2005=2203
2006=2226
2007=1823
2008=1391
2009=1099
I will let you draw your own conclusions from this data but will add that if you are think about buying a home it is a great time to do so with interest rates low and buyer incentives from Uncle Sam and sellers. Don't wait and miss the boat.
Steve Tyson
http://www.newbern-nc.info/
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