New U.S. home sales soared in December

Could this be some good news for the North Scottsdale Real Estate market? I stumbled upon this article in titled: New U.S. home sales soared in December. Here’s a sneak peek:

“WASHINGTON — New U.S. single-family home sales soared in December, rising faster than expected to their highest level in eight months.

Early Wednesday, the Commerce Department said sales jumped 17.5 percent last month to a seasonally adjusted 329,000 unit annual rate after a downwardly revised 280,000-unit pace in November. Prices in December were the highest since April 2008, raising cautious optimism for a housing market recovery.” Read full article in