David Morris Group » February 2009 http://davidmorrisgroup.com/blog Reno, Sparks and Lake Tahoe Homes, Real Estate and Property Management Tue, 24 Aug 2010 17:15:33 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Good News About The Housing Market http://davidmorrisgroup.com/blog/index.php/2009/03/03/good-news-about-the-housing-market/ http://davidmorrisgroup.com/blog/index.php/2009/03/03/good-news-about-the-housing-market/#comments Tue, 03 Mar 2009 16:23:57 +0000 David Morris Group http://davidmorrisgroup.com/blog/?p=4 New-home sales climbed 4.7% during February to a seasonally adjusted annual rate of 337,000, the first month-to-month increase since July, the Commerce Department said. The data marked another favorable sign for the housing market, but prices continued to decline. The median price of a new home tumbled 18% in February from a year earlier to $200,900. The median price in January was $206,800.

In another positive sign for the economy, an earlier report from the Commerce Department showed durable-goods orders unexpectedly climbed 3.4% during February.

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