HousingWire reports that the number of new homes sold in November 2013 was 32,000 nationwide. A decrease from the 40,000 new homes sold in October 2013. The average loan size for new construction loans increased to $295,523 in November.
Despite the seasonal decrease in the real estate market that shows in the November reports, economists are positive in the 2014 real estate outlook. 2013 has shown significant market improvements that has increased consumer confidence and is expected to continue.