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Real Estate Roundup!

FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, MAY 23, 2018
MONTHLY NEW RESIDENTIAL SALES, APRIL 2018
Release Number: CB18-77
May 23, 2018 – The U.S. Census Bureau and the U.S. Department of Housing and Urban Development
jointly announced the following new residential sales statistics for April 2018:
NEW RESIDENTIAL SALES
APRIL 2018
New Houses Sold1: 662,000
New Houses For Sale2: 300,000
Median Sales Price: $312,400
Next Release: June 25, 2018
1Seasonally Adjusted Annual Rates 2Seasonally Adjusted
Source:  U.S. Census Bureau, HUD, May 23, 2018
New Home Sales
Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000,
according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and
Urban Development. This is 1.5 percent (±11.8 percent)* below the revised March rate of 672,000, but is
11.6 percent (±23.7 percent)* above the April 2017 estimate of 593,000.
Sales Price
The median sales price of new houses sold in April 2018 was $312,400. The average sales price was
$407,300.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of April was 300,000. This represents a

Forget Sesame Street. Welcome to Warren’s World. As in Warren Buffett, the investment guru who chairs Berkshire Hathaway BRK.A, -0.36% and sits atop a $70 billion fortune. Already known as one of the most famous investors in the world, the Oracle of Omaha has become celebrated of late among the grade-school set for his work with the Secret Millionaires Club, an animated program that teaches kids about finance. — From Market Watch

70 million Americans teetering on edge of financial ruin

In the past few years, the job market has vastly improved and home prices have rebounded — yet Americans are becoming even more irresponsible when it comes to saving for emergencies. According to a survey of 1,000 adults released by Bankrate.com on Tuesday, nearly one in three (29%) American adults (that’s roughly 70 million) have no emergency savings at all — the highest percentage since Bankrate began doing this survey five years ago. What’s more, only 22% of Americans have at least six months of emergency savings (that’s what advisers recommend) — the lowest level since Bankrate began doing the survey. — From Market Watch

Home Sales Are Way Up (Again), and First-Time Buyers Are Driving the Market

In what the National Association of Realtors® called “an encouraging sign” for the housing market, first-time home buyers helped push home sales in May to their highest level since May 2009.

5 Ways to Use Real Estate Investing to Teach Your Kids About Finance

It’s never too early to start imparting wise money ways to the next generation. Teaching children about money can be a challenge. Ask me how I know this! I have five children, and several already have a firm grasp on the concept of spending money. I am having a little more difficulty helping them grasp the saving, investing and growing concepts…

4 Buyer Beliefs that are Hard to Break

The vast amount of online home buying “education” can have its drawbacks. Yes, the Internet is chock-full of all sorts of information that can help homebuyers learn about the process. The down side is the online search experience can cause many homebuyers to develop all sorts of dangerous pre-conceived notions about the home buying process.

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