Sales of newly built homes - which make up 10% of all home sales – were up 7% from the previous month, according to the Commerce Department. This is in contrast to sales of previously-owned homes, which declined 1.7%, despite record low unemployment, rising wages and low mortgage interest rates.
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.
