US new home sales surge to 12.5-year high in January

[tacobell fan]

• The Commerce Department said on Wednesday new home sales jumped 7.9% to a seasonally adjusted annual rate of 764,000 units last month, the highest level since July 2007.
• Housing market strength could help keep the economic expansion, now in its 11th year, on track.
• The sector, which accounts for about 3.1% of GDP, is being supported by cheaper mortgage rates after the Federal Reserve cut interest rates three times last year.

[TrumpCare]

Is it good time to buy houses r bad??

[Spartan]

Mountain House effect.

[tacobell fan]

5 minutes ago, Spartan said:

Mountain House effect.