New home sales jump
October 24th, 2012
10:04 AM ET

New home sales jump

It looks like there's been some relief for the real estate market.

New home sales have increased 5.7% to a 2-year high annual rate in September, the U.S. government reported.

For more details on what caused the spike and what it means you can head over to CNNMoney.com

soundoff (4 Responses)
  1. 1608

    waiting. Obama playing with housing numbers, gas prices,

    October 24, 2012 at 12:11 pm | Report abuse |
    • Name s kel

      1608 thats typical of a evil all bad news typical Grand Old Problem or gop statment. What a virus you republicans are!

      October 24, 2012 at 11:39 pm | Report abuse |
  2. desert voice/troubledgoodangel

    Jesus is His religion! Which means that your statement makes no sense! Our Christian religion is the religion of the Truth, the Way, and the Life! Yu can't follow those "without Jesus"!

    October 24, 2012 at 5:55 pm | Report abuse |
  3. TvNyC

    God blessed Obama. As far as the new highs in bew house sales is because the builders are building them cheaper than back in the day, therefore are cheaper on the prices of sales. The problem with the older houses is that older folks own them and they wont give them up for cheap, they think they could get higher prices because they are stuck in that mentality. Once the older houses are lowered by another 5-10% the economic recovery will face much less of time to recover this very stagnant housing.market. It'll happen in time but for now people that want to buy any houses they should buy new houses.

    October 24, 2012 at 11:14 pm | Report abuse |