Last month new home sales improved across the country, despite falling short of predictions. The Department of Commerce released data for November indicating that the sale of new single-family homes was at an annual rate of 290,000, a 5.5% increase over October figures.
Read more...Wealthy and international buyers are coming out of the woodwork looking to get their hands on a well priced luxury home. Upscale homes are being purchased more readily, but it should not be misconstrued as a return of a real estate boom. As a luxury home builder, I have seen a much needed improvement in new home sales. So far this year, we have sold four luxury estates in Landmark Ranch Estates with prices over three million. With the economy set to move up, there is no better time to purchase a new custom home. The stock markets are rising daily, interest rates are low and luxury real estate is quickly disappearing.
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