New-home sales jump 6.8% in April

Here we go… builders keep on building….developers keep on developing. New construction home sales are going up. There’s an indication where the real estate market is heading. Source: New-home sales jump 6.8% in April

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Foreclosures hit 18-month high, no longer a bargain

This is not good for buyers, particularly investors. Banks know of the rising home prices and short inventory and are willing to keep their prices high with little regard to the condition of the home. Source: Foreclosures hit 18-month high, no longer a bargain

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