The chart below shows the latest Washoe County Insured Recording Statistics – new home sales, resales, and refis.
Brought to us by our friends at Ticor Title. Click on the chart to enlarge.
January new home sales dropped by more than 47 percent. However the historical numbers show that such a drop from December to January is not uncommon.
A similar seasonal-related decline can also be seen in January’s number of resales and refis. However, rising interest rates are probably also contributing factor to the decline in refis.