Well the good news is that new housing sales rose the most in April, since 14 years ago.  The average was a 16.2% rise.  In the South it was 27.8%, the West 8,5%, Northeast 3.8%, but in the Midwest it was -4%.  But along with that the bad news was that the median price home fell to $229,100, an 11% decline, which was the largest deline in prices.  The theory for this is that builder's are closing out their overstock, and cutting prices to sell.  So what does this mean?  Does it mean that the midwest did not cut the price of excess inventory of new homes?  Or didn't they have excess inventory?  Or are the prices not so high in the midwest, that they needed to cut the price?
What do you think?

     Most investor's that flip houses, fix up resale homes.  So, it still goes to show that because the prices of new homes are being reduced, we have even more competion in resales.  So we will all want to maximize our efforts to
"Get the Cha-ching".  Part 3 will be posted later today.

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