On Thursday the Census Bureau and the Department of Housing and Urban
Development released figures for new
home sales in April that showed a big increase in sales and a drop in
both median and average home sale prices. Media coverage has speculated
that the both outcomes were a result of price cuts by builders in an
attempt to get product moving and inventories reduced.
On Friday the National Association of Realtors� released its report on
the April sales of existing homes. The data showed
a...
...