The available supply of foreclosures and short sales previously stunted the recovery for new home sales, according to CoreLogic’s May MarketPulse report. Though, now that the supply of distressed homes and existing-homes for sale has fallen, there’s more room for the new home sales market to expand. Citing data from the Census Bureau, CoreLogic reported new home sales have increased 19 percent from a year ago in March. Most new home sales are also concentrated in hard-hit suburban metro areas, which bring an economic stimulus to areas devastated by the housing recession. >» Read More
Tom Scaglione, ePRO, SFR, REALTOR
Future Home Realty, Inc.