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New-Home Sales Sink in December

New-home sales sank in December, with sales of new, single-family homes down 9.3 percent to 625,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $398,900, while the median was $335,400. New-home listing inventory was 295,000—5.7-months supply.

“December's...

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Home Prices on a Steady Track

Home prices again appreciated nationally quarter-over-quarter, rising 0.9 percent, according to the Clear Capital Home Data Index™ (HDI™), a monthly report. Appreciation was highest in the West, where prices climbed 1.2 percent quarter-over-quarter.

Regionally:

Midwest
Growth quarter-over-quarter in the region came in at 0.9 percent, with prices in Detroit, Mich., appreciating at...

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