The Real Truth About New Home Sales Predictions

<h1>The Real Truth About New Home Sales Predictions</h1>Author: <a title="Kristin Gabriel" href="http://www.articlesbase.com/authors/kristin-gabriel/24927.htm">Kristin Gabriel</a> There has been a lot of recent news about new home sales jumping from 16 percent in April, the biggest percentage increase since 1993. Despite this positive news, sales and construction activity may not have hit rock bottom yet. 
 
In May 2007, the U.S. Census Bureau reported that new single-family home sales rose from a seasonally adjusted annual rate of 844,000 in March to 981,000 in April. This shows that April sales were off by 10.6 percent since April 2006. 
 
Dogtor Paco’s Lender’s Corner (<a href="http://www.dogtorpaco.com)" target="_blank">www.dogtorpaco.com)</a> believes this data indicates perhaps this cycle will be a dip rather than a wave, because the information on prices flew around the market via the Internet. People immediately adjusted their behavior and they’re doing so again. 
 
Now people watching the correct indicators will be waiting for the inventory to bottom out. Inventory disappears once the average time on listing goes higher than about 60-70 days. When inventory disappears, any houses that come on a healthy market disappear fast, taking down the average listing time and making people put inventory back on the market at increased prices. 
 
Those interested can keep track of the housing market by using Dogtor Paco's mortgage payment calculator to check out the prices for home loans. Visit <a href="http://www.dogtorpaco.com" target="_blank">www.dogtorpaco.com</a>About the Author: As Founder of MarCom Broadband, Kristin Gabriel's PR concepts have put people, companies and products on the map for years. She once brainstormed a media campaign for artist Mike McNeilly that became an industry itself – Tall Wall Media, the giant billboards you see up and down Sunset Boulevard on the sides of buildings. Involved in all levels of management Gabriel implements Search Engine Optimization and Social Media Marketing with her associates, along with traditional public relations, advertising campaigns, and major events. Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/mortgage-articles/the-real-truth-about-new-home-sales-predictions-161610.html" title="The Real Truth About New Home Sales Predictions">The Real Truth About New Home Sales Predictions</a>

There has been a lot of recent news about new home sales jumping from 16 percent in April, the biggest percentage increase since 1993. Despite this positive news, sales and construction activity may not have hit rock bottom yet.

In May 2007, the U.S. Census Bureau reported that new single-family home sales rose from a seasonally adjusted annual rate of 844,000 in March to 981,000 in April. This shows that April sales were off by 10.6 percent since April 2006.

Dogtor Paco’s Lender’s Corner (www.dogtorpaco.com) believes this data indicates perhaps this cycle will be a dip rather than a wave, because the information on prices flew around the market via the Internet. People immediately adjusted their behavior and they’re doing so again.

Now people watching the correct indicators will be waiting for the inventory to bottom out. Inventory disappears once the average time on listing goes higher than about 60-70 days. When inventory disappears, any houses that come on a healthy market disappear fast, taking down the average listing time and making people put inventory back on the market at increased prices.

Those interested can keep track of the housing market by using Dogtor Paco's mortgage payment calculator to check out the prices for home loans. Visit www.dogtorpaco.com

As Founder of MarCom Broadband, Kristin Gabriel's PR concepts have put people, companies and products on the map for years. She once brainstormed a media campaign for artist Mike McNeilly that became an industry itself – Tall Wall Media, the giant billboards you see up and down Sunset Boulevard on the sides of buildings. Involved in all levels of management Gabriel implements Search Engine Optimization and Social Media Marketing with her associates, along with traditional public relations, advertising campaigns, and major events.

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Article Tags: Home Sales, Home Loans, Mortgage Payment Calculator, New Home Sales

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