Housing booming as Wall Street amps up volatility

In a word, housing is booming. Data released this week shows sales of newly-built homes at a 14-year high. The Census Bureau’s August report shows an eye-popping 43% year-over-year increase in the sale of newly-built homes. Recently, the National Association of Realtors reported that sales of existing homes also increased in August. It is interesting to note that the median sales price for newly-built homes and existing homes are $312,800 and $310,600, respectively.

So where’s the catch?

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via Naza Finance Blog