New home sales posted yet another increase in March, rising 9.6% from February to a seasonally adjusted annual pace of 683,000 homes, according to data published on Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). This is the fourth straight month of new home sales increases.

On a year-over -year basis, however, new home sales are still down 3.4%.

“Buyers have begun to adjust to the elevated mortgage rate levels, especially in areas where home prices have adjusted details ⇒

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