Devoted to real estate, real estate agents, and all things property related

The US Commerce Department reported that new home sales were up by 4.6 percent in May of this year. The median sale price was $235,300, while the average was $294,300. The supply of new homes on the market in May? Approximately 5.5 months, according to the Commerce Department. While inventory certainly isn't scarce, that's not necessarily a bad thing for buyers, who are often wooed with incentives galore, and at times are even able to negotiate the price.

-John Mudd