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Reply to "Did Reports on New Homes Sales Bury the Lede?"
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[quote=Anonymous]'Compared with a year earlier, sales of new homes were down 4.2%. The median price of a home remained elevated at $275,800.' New Home Sales Rise 6.4% in April http://online.wsj.com/news/articles/SB10001424052702303480304579579860055701886 They lead with the 6.4% rise in April vs March, but way down you see year over year is down. Isn't the year over year much more important in terms of trend and performance of the market? And this rise was after a larger drop the month before, so more of a return to middling performance than a real jump. http://www.bloomberg.com/news/2014-05-23/sales-of-new-u-s-homes-increased-6-4-in-april-to-433-000-pace.html Are things going to turn around is housing stalling? We are moving and were thinking of renting out our place (but it's cash flow negative by a few hundred bucks a month); will its value start dropping too and we should sell now??[/quote]
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