HUD: Residential Home Sales Increase 29 Percent from May 2012

Sales of residential houses have increased at a rate of 29% since May of last year. In May 2013, single-family homes sold at an annual rate of 476,000, which is 2.1% above the April sales rate of 466,000. This significant change in pricing raises the question of whether real estate will stabilize in 2014 and if they will eventually lower.

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(Source: HUD) - Sales of new single-family houses in May 2013 were at a seasonally adjusted annual rate of 476,000, according to estimates released jointly today by the U.S. Census Read

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POSTED June 27 2013 2:53 PM
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