The Seattle Times reports that new home sales are dropping nationally:
New-home sales fell by the biggest amount in almost nine years last month while home prices declined for a fourth straight month, raising concerns that the once high-flying housing market could be in for a rougher-than-expected landing.
The Commerce Department reported Friday that sales of new single-family homes dropped by 10.5 percent last month to a seasonally adjusted annual sales pace of 1.08 million homes.
It was the second straight monthly decline after a 5.3 percent fall in January, and marked the biggest one-month drop since April 1997.
Joe,
You make a good point and I’d definitely aware of the regional differences… But I don’t think the “misinformed” the pubic in that the facts are right. Nationally, things are doing so well, even if things are still relatively hot in the midwest (and Seattle!).
Eric,
I haven’t heard much about Pierce County in particular, but you might find it interesting that the NorthWest MLS publishes data through their NWReporter every month. The latest data is from February, and this page lists a few interesting tables and adds some (agent) perspective.
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