New Home Sales Sink – Gold Goliath

Posted on :Oct 26, 2015

Updated 10-27-2015

Gold prices are higher in early U.S. trading Tuesday and continue rebounding from the sell-off seen last Thursday and Friday. Gold last reported a.m. is $1167.90 and silver is $15.94.

According to the Commerce Department, sales of new U.S. single family homes fell by 11.5 percent in September to  seasonally adjusted and annualized pace of 468,000. Just last week, the National Association of Realtors reported that sales of previously owned U.S. homes rose by 4.7 percent in the same time period to a pace of 5.5 million.

The government reported that median sales price of new single family houses sold in September was $296,000, up from $261,500 in the same month a year ago. The decline is sales is across the board but typical as Americans move into the holiday season. The present danger we’re facing is rising home prices are once again becoming less affordable to the average working class American possibly resulting in another epidemic of foreclosures like we saw in 2008.

Gold Goliath is offering special pricing on the 1 oz. Silver Britannia coin while supplies last. Give us a call at 1-800-577-3195 Ext. #1 to place your order.

Gold Goliath is not your typical gold dealer.

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