The purchaser paid 3,084.00 for the points for the property he bought at $257,000.
Purchasing and selling of the property is known as Residential Sales.
An economic indicator that tracks the sales of recently constructed residences is called "new home sales," sometimes known as "new residential sales."
Although new home sales are seen of as a lagging signal of demand, investors continue to closely monitor them for signs of broader economic changes.
Data on new residential sales is based on a sample of homes that is indicative of all home sales and is affected by things like household income, unemployment, and interest rates.
For readers who follow market news, financial journals frequently offer interpretations of the statistics on New Home Sales in their reports. For instance, the Wall Street Journal reported in July 2019 that single-family house purchases had increased by 7% from the month before, which was encouraging news after two months of dropping sales.
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