The Law Office of Michael E. Ripley

Exceeding Expectations

New Home Sales Are Up 18.6% in May

According to USA Today (June 25, 2014) there is quite a bit of good news lately for the housing market. New home sales jumped 18.6% in May, 2014. That is the sharpest increase since 1992. Also, existing home sales rose 4.9% last month, the strongest monthly gain in three years.