Heart of the Home Dining

According to the latest statistics it appears that real estate could be going back up in value. The Commerce Department said new home sales were up 0.3% in April. Before anyone gets carried away, however, any improvement is relative. These figures are down 34% on the same month a year ago. Builders are still finding it tough going. There are so many foreclosed properties on the market that fewer buyers are looking for new homes. Amazingly, even with very low bank interest rates the 30-year fixed mortgage rates rose to 5.45% in the past week, compared to 5.24% in the previous week, which won’t really help kickstart new home sales.