Posted on Saturday, October 20, 2007

There was a surge in new home sales last May, according to the U.S. Commerce Department. For Gig Harbor real estate , this is great news. According to analysts, new, single family home sales soared by 4.6 percent.

This jump amazed economists. Because of soaring mortgage rates, the market was expected to slow down. Only a small slowdown is predicted despite the fact that the mortgage rates are expected to continue to rise over the following few months. Now may be the perfect time to buy a great Gig Harbor home .