83
      Friday
      89 / 74
      Saturday
      92 / 74
      Sunday
      92 / 75

      New Home Sales on the Rise

      New home sales jumped in November to the highest level in more than two years.{}The U.S. government is reporting an increase last month rose 4.4% compared to October.{}It's the strongest pace of new home sales since April of 2010{}

      The increase is due to a combination of near-record low mortgage rates, lower unemployment numbers and a drop in foreclosures.{}That in turn has lifted home prices. {}

      The housing market is now showing numerous signs of recovery, including better existing home sales and home construction rates.{}

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