Morning Minute: New home sales at two-year high in May

Sales of new single-family homes jumped 7.6 percent in May. Prices were up from a year ago and the number of sales — a seasonally adjusted 369,000-unit annual rate — rose to a two-year high, according to a Commerce Department report released today. Get the details from Reuters.

In other news:

Property tax appeals on the rise in current housing market. More property owners in Cook and Lake counties are appealing their property tax assessments, the Chicago Tribune reports.

For sale on Chicago’s northwest side: Walt Disney’s childhood home. The two-flat home was built by Disney’s father, a carpenter, and was home to Disney, who lived there until he moved to Hollywood to work in animation, the Chicago Tribune reports.

This entry was posted in Consumer Information, Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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