New Home Sales on the Rise!

Monday, September 10, 2012

Sales of Existing Homes Improve As Well

St. Charles' Open House Weekend is this weekend, September 15 and 16--and it couldn't come at a better time for people in the market to buy a new home.

According to the National Association of Home Builders, "New home sales in July increased to 372,000 per year on a seasonally adjusted annual basis, the highest level since the end of the home buyer tax credit in early 2010.”

In addition, sales of existing homes seem to be improving. The National Association of Realtors Pending Home Sales Index (PHSI), a forward-looking indicator that is based on signed contracts, increased 2.4% in July 2012 to 101.7 from 99.3 in June. The July 2012 PHSI was 12.4% higher than the same period a year ago. The PHSI is at its highest level since April 2010 when the home buyer tax credit was about to expire, suggesting that August and September existing home sales will be higher.

To see the full NAHB report, visit here

There has never been a better time to buy a new home, buy a new townhome, or rent a great new apartment in St. Charles. Visit our model homes and apartments during our Open House weekend, register to win 4 tickets to see Cirque Du Soleil perform Totem at National Harbor, and come discover why our community was ranked by CNN Money as one of the best communities to live in America!