Debt Free News

New houses show improvement in sales last month

December 21, 2006

As we are getting ready to ring in the new year, our debt free article readers will be happy to hear that new homes showed a gain in sales in November. Well, this is somewhat good news that is. See, the selling of new homes is doing well, but unsold homes continued to slide in sale again. This is the same type of report that unsold homes have been withstanding since July that is.

On the other hand, the fact that people are buying homes again and producing a gain for new home sales statistics is said to be a positive for unsold homes too as we see people are buying homes at least.

For November 2006, the new report is showing that the sales of new single family houses gained a respectable 3.4%. This puts them at a current yearly rate of 1.047 million homes. This is a big positive for many of us who are seeking the sale of our home to eliminate extra debt issues and even for those who just want to sell and not necessarily live a debt free lifestyle even.

Now, another thing we want to mention to our Southern debt free readers, the results in the South are not as good. This is the only area in the US that is not improving yet.

But the increases in other areas are higher than expected by those in the know. This new report gives much hope towards the fact that the huge lull in the housing market could be heading back to a good situation for most all homeowners and sellers.

This also means that  home builders and developers could start offering a wide variety of selling incentives to sell off their unsold units.
The new gain of well over 3% he 3.4  in new homes fro November is the 3rdgain we have witnessed in the past 4 months since July. Because of this, the median price for a new home increased  to 251,700 dollars.  This is a nice gain of  3.2% since November 2005.

We debt free article readers have been watching the housing market take a dive in the past year or so. We saw all those record breaking interest rate disappear and the drastic lull set in in the market of buying a home. When it was peaking, the market was at its best in 40 years actually. We saw the market progress for about 5 years and then it stalled. These new statistics for the last month give us debt free readers the hint of improvement we are all dying to see.

When you put the housing market into the mix, you affect the entire economy, so again, we are all hoping to see the housing marker gain even more each month.

This is true especially after a month of consumer spending for the Holiday Season – we all want to see our home value get back to the days of before.

There are several market analysts that are thinking that housing is staying on as a major player in the inability for our economy to grow in the last quarter of 2006 for sure. We can expect to see this continue in the early part of next year before any gains can show a positive in our economy too.

We will all be sure to keep an eye of this very sensitive market as we all strive for debt free achievements. Be sure to stay tuned here at Debtfree24.com for the latest in debt free news ands housing market news.

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