April 25, 2015

WE'RE GONNA NEED MORE IMMIGRANTS:

New-Home Prices Are on Fire (KATHLEEN MADIGAN, 4/25/15, WSJ)

When discussing Wednesday's news that existing home sales climbed in March, National Association of Realtors chief economist Lawrence Yun said the 7.8% yearly rise in March's median price was unsustainable. "This price gain of near 8% is not healthy, considering people's incomes are only rising by 2%," said Mr. Yun. "The only way to relieve housing cost pressure is to have more homes coming onto the market."

Yet research by economists at TD Securities show the uptrend in resale values is nothing compared to the speedy rise in new-home prices.

Posted by at April 25, 2015 11:48 AM
  

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