New home sales fell 6.6% in June

As reported by The Wall Street Journal:

"The Commerce Department also said new-home sales dropped for the fifth time in six months in June. Sales of single-family homes fell 6.6%, a larger-than-expected drop, while the national median home price ws down 2.2% to $237,900."

Naoji Moriuchi's editorial:
Remember real estate is local. Yes, real estate is slowing more in other parts of the country, but take solice in Moorestown's
flat to growing median home price and the number of real estate transactions occuring in Moorestown. Stats to follow...