New home prices touch record high | Katonah Real Estate

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Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.
New-home sales rose to a seasonally adjusted annual rate of 454,000 in April, the Commerce Department said Thursday. That was up 2.3% from March and just slightly below January's 458,000.
Both January and April had the fastest sales rates since July 2008.
The median price of a home sold in April was $271,600, the highest level on government records going back to 1993. The April price was 8.3% higher than in March and 13.1 percent higher than a year ago.
Steady job creation and near-record-low mortgage rates are spurring more Americans to buy homes.
With the April increase, sales are now 29% higher than a year ago, but sales are still below the 700,000 level considered healthy by economists.


New home prices touch record high

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