Economic Focus – Week in Review

WEEK-IN-REVIEW

New home sales JUMPED 6.8% in April, up from an anomalous decline of 10% in March.  Every metro area covered in this release saw year-over-year price gains, anywhere from 1% to 10%, and prices are holding firm in the nation’s 20 largest cities.  The pending home sales index extended its recent strength as well, in a good sign for existing home sales over the next couple of months!  [To read the full Week in Review, click here]

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