Breck Dumas

Breck Dumas is a reporter for FOX Business. Email her at Breck.Dumas@fox.com and find her on Twitter @Breck_Dumas.

New home sales plunge nearly 17% in April

The Census Bureau reported that the median sales price of new homes hit $450,600 last month. With interest rates now upward of 5%, the rising cost of homeownership is pricing more would-be buyers out of the market.