New single-family home sales soared to its fastest pace in 2 1/2 years, jumping 4.4 percent over last month, as median prices also rose, the Commerce Department reported Thursday.
The sales pace in November for new-home sales was the highest since April 2010, the same time when the federal home-buyer tax credit had expired, the Commerce Department reported.
The median home price of new homes jumped 14.9 percent year-over-year, reaching $246,200. Read more ....
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