New Home Sales Jump 6.4% as Prices Fall

New home sales jumped 6.4% in August, while the median sales price fell nearly 6% from a year ago. Kathy Fettke breaks down the latest Census Bureau data on new home sales, prices, inventory, and what an 8.5-month supply could mean for buyers and real estate investors. Plus, find out why builder incentives could create opportunities for investors looking to add a rental property before the end of the year.

🏘️ If you want to get a rental property before the end of the year, visit www.Realwealth.com/Schedule to meet with one of our investment counselors.

Source: https://www.census.gov/construction/nrs/current