Home Sales Hit 5-Year High, Factories Regain Footing

[This is a snippet of an article from Reuters — we think you’ll find it very helpful!]

New U.S. home sales vaulted to a five-year high in June, while other data on Wednesday showed an acceleration in factory activity in July, boosting hopes of a third-quarter pick-up in economic growth. Showing no signs yet of slowing in the face of higher mortgage rates, single-family home sales increased 8.3 percent to a seasonally adjusted annual rate of 497,000 units, the highest level since May 2008, the Commerce Department said. Economists, who had expected sales to advance only to a 482,000-unit rate, said buyers sitting on the fence had probably rushed into the market to lock in lower rates in anticipation of mortgage rates moving even higher… Read Original

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Jennifer Crosby is an award-winning Realtor in Colorado Springs and a Military relocation specialist. She has consistently made the list of the top 10% of real estate professionals in the El Paso County, Colorado area. She is known for her knowledge of the real estate market, and her ability to keep the home buying process exciting. Contact Jennifer today to buy or sell a home in Colorado Springs.