Experts: New home sales fell 17% in April

New home sales fell nearly 17% last month to 591,000.

News 12 Staff

May 25, 2022, 4:51 PM

Updated 692 days ago

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The prices of homes may be skyrocketing, but officials say sales are not.  
New home sales fell nearly 17% last month to 591,000. That is the lowest level since the early days of the pandemic.  
Experts say higher prices and rising mortgage rates are to blame. 


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