US New Home Sales Rise to Highest in 2-1/2 Years

More and more signs seem to indicate that the housing market is continuing to strengthen, both locally in Utah real estate and nationally.  The Associated Press reports that, "Sales of new U.S. homes jumped last month to a seasonally adjusted annual rate of 389,000, the highest level since a homebuyer’s tax credit boosted sales in April 2010... Home prices are rising, builders are more confident and are breaking ground on more homes and sales of previously occupied homes have increased in the past year."

Source: Salt Lake Tribune, October 24th, 2012

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