Monday, July 27, 2009

New Home Sales rise 11% in June

In an article written by Alan Zibel posted on Yahoo news today, Good news for the housing industry were confirmed again.

"The worst of the housing recession ... is now behind us," said David Resler, chief economist at Nomura Securities. "We're turning the corner toward increased activity in housing." New housing sales posted the fastest increase in the past eight years. An 11% jump in sales for the month of June, helped by builders incentives tax incentives as well as low interest rates.
to read this article, click on http://finance.yahoo.com/news/June-new-home-sales-rise-11-apf-3824378813.html?x=0

To read more articles like these and learn more about San Diego housing market please go to www.PremiereSD.com

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