From East to West Reeds Are The Best!
Sales of new single-family houses in March 2015 tumbled back down to a seasonally adjusted annual rate of 481,000, 11.4 percent below last month’s revised estimate of 543,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development.
While sales did drop, they were 19.4 percent above the March 2014 estimate of 403,000. It is expected that the fall is more likely to be a temporary payback after strong growth in previous months rather than a sign that housing activity is starting to cool again.
Rich & Annie Reed
CA DRE# 01906230 & 01894384