Home Sales on the Rise

 Sales of new homes are surging in the U.S., far outpacing results for less expensive existing homes and creating an unusual disparity in the housing recovery. The trend partly reflects the small inventory of previously owned homes, now at a 13-year low after investors picked over the long-depressed market. New-home sales jumped 28.9% in January from a year earlier to the highest annual sales pace in four years, according to data released Tuesday by the Commerce Department.   Sales of previously owned homes rose 9.1%.   For more information please see our website at www.carthewlaw.com or call one of our Attorneys at 248-656-6800.