New Home Sales Trend Up 5.7% in September

Sales of new homes was up 5.7% in September of this year, which actually slightly outpaces the median analyst predictions according to this Bloomberg article. At the same time the median price of new homes has actually slumped 10% since September 2010. What does this all mean? If you’re contemplating an investment in real estate think about it from an investors perspective. Prices on new homes are going down, and sales are going up. Not a bad place to be.