Category: News Updates

1.Mortgage rates fall – lowest since October
“The average rate for a 30-year, fixed-rate loan fell to 4.14% from 4.2% last week, Freddie Mac said Thursday. “

2.Can you afford a home in these 27 cities?
“Jobs may not pay as much in the American heartland as they do in wealthy, coastal cities like New York or San Francisco, but there’s one aspect of life in the Midwest that can’t be beat: affordable home prices.”

3.Home sales rebound; jobless claims rise
“U.S. home resales rose in April and the supply of properties on the market hit its highest level since August 2012, hopeful signs for the stalled housing market recovery.”

4.Freddie Mac: Mortgage rates decline again as 30-year averages 4.14%
“Mortgage rates fell for the fourth week in a row, with Freddie Mac pegging the average for a 30-year fixed home loan at 4.14%, down from 4.2% last week.”

5.Existing home sales rise in April for first time this year
“Sales of previously owned homes rose nationwide in April as the housing market picked up some steam amid the spring selling season.”

6.US Home Sales Rose 1.3 Percent in April
“Sales of existing U.S. homes rebounded slightly in April, but the pace of buying remained below last year’s level.”

7.US Average Rate on 30-Year Home Loan 4.14 Percent
“Average U.S. rates on fixed mortgages fell this week for a fourth straight week.”

8.Middle class will struggle to buy a home this year
“We’ve had the Rust Belt and the Bible Belt. Behold — the Home-Affordability Belt. There’s a growing divide between home affordability in Middle America and coastal cities, experts say, and mortgages in the most expensive metro areas are likely to be even further out of reach for the average house hunter this year. “

9.Bond prices edge lower on positive housing, factory data
“U.S. Treasurys prices edged lower on Thursday after positive U.S. economic data on existing home sales and factory activity lifted sentiment, while larger-than-expected weekly jobless claims failed to spur safe-haven bids. “

10.Condo sales surge ahead of single-family homes
“Sales of existing homes improved slightly in April, but there is a growing divergence between the type of homes Americans are buying.”

11.WRAPUP 1-U.S. home sales rebound; jobless claims rise
“U.S. home resales rose in April and the supply of properties on the market hit its highest level since August 2012, hopeful signs for the stalled housing market recovery.”

12.US risks becoming a nation of renters: Bank CEO
“The United States is at risk of becoming a nation of renters because of the “totally unnecessary” constraints that continue prevent lenders from giving out mortgages, former Wells Fargo chairman and CEO Richard Kovacevich told CNBC on Thursday. “

13.US home sales rose 1.3 percent in April
“WASHINGTON — Sales of existing U.S. homes rebounded slightly in April, but the pace of buying remained below last year’s level.”

TonyAlvarez.com

1.NAR Member Survey Shows Rise in Realtor® Income and Sales Volume

“Reflecting the 11.5 percent growth in home prices last year, income and sales volume jumped for the third year in a row, according to the 2014 National Association of Realtors® Member Profile. The survey also found an increase in new and younger members to NAR in 2013.”

2.Lansner: Homebuying upswing inspires hope
“Month-to-month analysis of any economic trend is often lame – especially in a cyclical business like real estate.”

3.Housing Debt Still Traps 10 Million Americans
“Nearly 10 million Americans remain financially trapped by homes worth less than their mortgage debts — an enduring drag on the U.S. economy almost seven years after the housing bust triggered the Great Recession.”

4.Lower rates don’t boost mortgage applications
“Mortgage rates have hit their lowest levels since November, but it is still not enough to entice people to apply for loans to buy homes.”

5.Behind the mortgage numbers
” mortgage applications week over week are up about 1%. but behind that are two key variables.”

6.United States of Cash Sales: A feudal changing of the guard. 58 percent of all real-estate-owned sales went to cash buyers out flanking traditional buyers with no access to pools of cash.
“The old adage that cash is king seems to be the new mantra for real estate in a post housing crash world. Investors continue to dominate the housing market out maneuvering house horny buyers that simply want a place to call home.”

7.Housing debt still traps 10 million Americans
“Nearly 10 million Americans remain financially trapped by homes worth less than their mortgage debts — an enduring drag on the U.S. economy almost seven years after the housing bust triggered the Great Recession.”

8.Why America’s Most Affordable Homes Likely Aren’t for Sale
“The affordable homes most likely to be sought after by first-time homebuyers are also those most likely to be kept off the market because their current owners are in negative equity, or underwater. Underwater homeowners — those who owe more on their mortgages than their homes are worth — have a very difficult time listing and selling their homes, even if they want to, without engaging in a short sale or dipping into their savings.”

9.Economy Appears to Gain Strength After Flat First Quarter
“WASHINGTON, DC – After stalling out in the first quarter of the year, recent indicators suggest the economy is poised for a pick-up in growth in the second quarter of 2014, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. March data revealed positive consumer spending in both goods and services, helping set up a trajectory for more solid spending growth in the current quarter. “

10.Rising home prices boost Realtor income, but expenses are growing even faster
“Helped by rising home prices, Realtors saw their incomes jump for the third straight year in 2013, but an even bigger jump in expenses ate into their take-home pay, according to an annual member survey from the National Association of Realtors released today.”

TonyAlvarez.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.’I’m too afraid to sell my home’
“In hot real estate markets all over the country, homeowners are feeling stuck: They know they can get top dollar if they sell their home, but fear they will have no place to go if they leave.”

2.Appraisers are drawing less criticism from real estate agents
“Not long ago they were the punching bags of American real estate, accused of rank incompetence, wrecking home sales and failing to pick up on signs of the housing turnaround.”

3.Your kids decide when you buy a home 

” As it turns out, it’s likely your kids are the ones pulling the strings. That’s according to survey results from Coldwell Banker Real Estate, released on Tuesday, which found that 79% of Millennial parents (between the ages of 18 and 34) and 70% of Generation X parents (between the ages of 35 and 49) make major purchasing decisions around their children. Moreover, 67% of Millennial parents and 64% of Gen X parents said they were more concerned about the immediate impact of a move on the emotional well-being of their children than whether moving was a good decision in the long run, according to the survey of 2,000 U.S. parents. “

4.Multi-Family Real Estate Forecast: 2014-2020
“Multi-family housing construction is doing surprisingly well recently. Over the long run, housing units in buildings with five or more housing units comprise about 25 percent of all housing units constructed. So far in 2014, the figure is 35 percent. Why is multi-family so popular now?”

5.Real Estate Q&A: Are Condo Hotels A Good Investment?
“Salomon A. of South FL asks: I inherited a condo-hotel property and am trying to figure out if we should sell it and invest elsewhere, or wait for more rental income. So far, our net yield is around 2 percent. Do condo-hotel properties behave like other real estate investments in terms of appreciation?”

6.Summer buying season in bloom
“The summer home buying season is in bloom and a troubling trend might be taking shape.”

7.Why America’s Most Affordable Homes Likely Aren’t for Sale
“The affordable homes most likely to be sought after by first-time homebuyers are also those most likely to be kept off the market because their current owners are in negative equity, or underwater. Underwater homeowners — those who owe more on their mortgages than their homes are worth — have a very difficult time listing and selling their homes, even if they want to, without engaging in a short sale or dipping into their savings.”

8.Nearly One-Third of Americans Live in Counties Where One in Five Homeowners is Underwater: Heat Map
“A high percentage of homes with negative equity, or underwater, is a lingering legacy from the recent housing and foreclosure crisis. Although these underwater homes are not as direct of a threat to the housing market as foreclosures, they are hobbling the housing recovery by preventing many homeowners (17 percent of all homeowners with a mortgage nationwide) from participating in the market.”

TonyAlvarez.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.US Home Building Climbed 13.2 Percent in April
“U.S home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes.”

2.The 10 best cities to flip a house
“As the national housing market continues to rebound, real-estate investors are trying their hand at home flipping — buying and selling a house within six months.”

3.How Smart Houses And Big Data Will Change Real Estate Economics
“One of the features of big data is the accumulation of massive amounts of information that are not suited to traditional econometric and statistical techniques.”

4.Home construction surge
“There was a surge in new home construction in April, but that volume was driven almost entirely by multi-family units.”

5.Apartment nation: Multi-unit housing starts up 416 percent from 2010 low. Builders preparing for a nation with high rental demand.
“There is a simple bet to take if you believe housing is going to lead this nation into a next wave of prosperity. “

6.Top U.S. problems listed
“Twenty percent of Americans say unemployment or jobs is the most important problem facing the country currently, up from the 14 percent who mentioned these issues in April. It’s the top issue – barely – among a litany of complaints seen in the newest Gallup Inc. survey.”

7.Summer buying season in bloom
“The summer home buying season is in bloom and a troubling trend might be taking shape.”

8.Don’t sabotage your MLS listing: 3 digital mistakes you can correct today
“Creating a real estate listing and uploading it to your MLS is a fairly routine operation. With so much of the real estate world focused online, though, agents should spend more time strategically looking at the way their listings are formatted. “

9.Apartment construction surges across the Southland amid rising rents
“Apartment construction is surging, in Southern California and nationwide. New apartments and condominiums drove building permits up 8% in April from the prior month, to their fastest pace in nearly six years, the Commerce Department reported Friday.”

TonyAlvarez.com

1.Stocks barely budge at end of volatile week
“After hitting new highs earlier in the week, stocks were under pressure for a third day Friday as worries about the economic recovery grow.”

2.Housing starts up sharply; permits highest since 2008
“(Reuters) – U.S. housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope that the troubled housing market could be stabilizing.”

3.Delinquency and Foreclosure Rates Continue to Improve
“The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.11 percent of all loans outstanding at the end of the first quarter of 2014, the lowest level since the fourth quarter of 2007.  The delinquency rate decreased 28 basis points from the previous quarter, and 114 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. “

4.U.S. Stocks Fluctuate as Confidence Drop Offsets Housing
“U.S. stocks fluctuated, after the Standard & Poor’s 500 Index fell the most in a month yesterday, as an unexpected drop in consumer confidence offset a rise in the pace of home construction. “

5.US Home Building Climbed 13.2 Percent in April
“U.S home construction surged in April to its highest pace in five months. Almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling to buy single-family homes.”

6.The worst markets for underwater mortgages
“The number of homes in negative equity has fallen as the housing market has recovered in recent years, but new data shows they’re still holding back the housing rebound in some areas. “

7.The 10 best cities to flip a house
“As the national housing market continues to rebound, real-estate investors are trying their hand at home flipping — buying and selling a house within six months.”

8.Housing starts surge, yes, but mostly for apartments
“Builders ramped up construction in April, but they were mostly building multifamily apartment buildings. A monthly report from the U.S. Census Bureau showed total housing starts up 13 percent month to month, but that was driven by a 43 percent monthly jump in buildings with five or more units. Single-family housing starts rose just under 1 percent for the month.”

9.Housing Gets a Boost as Construction, Permits Rise Sharply
“WASHINGTON — U.S. housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope that the troubled housing market could be stabilizing.”

10.Setting The Stage For A Super Home Sale
“If you’re getting ready to sell your home, there are a few things you should do first. At the top of the list are repairs, decluttering, and staging your home for a super sale. With the help of your agent and/or homestager, you can create the perfectly staged home that’s eye-catching at first glance.”

TonyAlvarez.com

1.Where can the middle class actually afford to buy a home?
“FORTUNE — All told, it’s still a pretty darn good time to buy a home. Mortgage rates are at historic lows, while hefty student loan debt and the aftershocks of the financial crisis are forcing would-be-buyers to rent.”

2.Bay Area home prices soar
“Home prices in the San Francisco Bay Area surged in April as a booming tech industry helped the region avoid much of the slowdown seen in California and elsewhere across the country.”

3.Delinquency and Foreclosure Rates Continue to Improve
“WASHINGTON, D.C. (May 15, 2014) — The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 6.11 percent of all loans outstanding at the end of the first quarter of 2014, the lowest level since the fourth quarter of 2007.  The delinquency rate decreased 28 basis points from the previous quarter, and 114 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. “

4.US Homebuilder Confidence Slips in May
“U.S. homebuilders are feeling less confident this month in their near-term sales prospects, reflecting doubts stirred by a sluggish start to the annual spring home-selling season.”

5.Average US 30-Year Mortgage Rate Dips to 4.2 Pct.
“Average U.S. rates on fixed mortgages declined this week for a third straight week. The low rates could give a boost to the spring home-buying season, which has gotten off to a slow start.”

6.5 states with the highest foreclosure rates
“Although the housing market has been slowly recovering, foreclosures are still plaguing some markets. There were 115,830 foreclosure filings in April 2014 or 1 in every 1,137, down 20% from 144,790 for the same period last year, according to data released Thursday by RealtyTrac, a real-estate data firm. But they were still persistently high in some states, including Florida and Maryland.”

7.US homebuilder confidence slips in May
“U.S. homebuilders are feeling less confident this month in their near-term sales prospects, reflecting doubts stirred by a sluggish start to the annual spring home-selling season.”

8.Home builders losing confidence in recovery
“After three months of holding out steady hope, sentiment among U.S. home builders weakened slightly in May. A monthly index from the National Association of Home Builders slipped one point from a downwardly revised April figure. The index now stands at 45. Anything above 50 is considered positive sentiment. “

9.US homebuilder confidence slips in May
“U.S. homebuilders are feeling less confident this month in their near-term sales prospects, reflecting doubts stirred by a sluggish start to the annual spring home-selling season.”

10.Southern California housing market slowly heating up
“Southern California’s housing market improved a bit in April, with sales rising more than usual from March while slipping below the 2013 level by the smallest margin in six months, a market tracker said Tuesday.”

11.U.S. Sees Fewer Foreclosures as Banks Reclaim More Homes
“WASHINGTON — Foreclosure activity across the United States fell 1 percent last month, as banks scheduled fewer auctions even as they reclaimed more homes, a report from RealtyTrac said Thursday.”

12.The Importance of Seller Disclosures
“State and federal laws are strict in requiring sellers to tell what they know about the condition of their homes that isn’t obvious or discernable to potential buyers. Buyers can’t see behind walls or under houses, so they rely on truthful information from the seller about the operations, appliances and systems of the home. “

13.California April Home Sales
“An estimated 37,988 new and resale houses and condos sold statewide in April. That was up 15.4 percent from 32,923 in March, and down 2.7 percent from 39,051 sales in April 2013, according to San Diego-based DataQuick. “

TonyAlvarez.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.Homeownership Won’t Be Casualty of Political Gridlock Strategists Tell Realtors®
“Homeownership is expected to retain its political luster through the 2014 election cycle, even as lawmakers struggle to reach consensus on major policy issues like immigration and healthcare, said two top political strategists at today’s Federal Legislative and Political Forum during the Realtor® Party Convention & Trade Expo.”

2.Southland home prices rise in April, but gains ease amid sales slump
“Southern California home prices in April rose at their slowest clip in over a year, as high prices hurt demand and sent sales down.”

3.Fannie Mae, Freddie Mac won’t reduce loan limits, regulator says
“The regulator for Fannie Mae and Freddie Mac said Tuesday he would not force the mortgage finance giants to reduce the limits on loans they guarantee, because of concern about the slowing housing market.”

4. 7 places where home prices are falling
“The recovery in the U.S. property market has proved to be choppy. National home prices still haven’t returned to 2005 levels, according to David Blitzer, chairman of the index committee at S&P Dow Jones Indices, who cites both new and existing home sales.”

5.Homeownership in Sacramento plummets to lowest level in 40 years
“Homeownership in Sacramento County has plunged to its lowest level in 40 years after last decade’s catastrophic housing crash and the mass purchase of foreclosed homes by real estate investors.”

6.The rising inequality in the global feudal housing market: Big money devouring real estate assets at the expense of traditional buyers.
“The traditional home buyer is tapped out. You have a massive number of young adults living at home with very little financial means for purchasing a home. “

7.National home price increase pale compared to some in Central Valley
“Central Valley metropolitan areas that saw home prices tank more than virtually anywhere in the nation during the Great Recession, are now seeing some of the country’s sharpest increases, according to figures Tuesday from CoreLogic Case-Shiller.”

8.Economic confidence holding steady
“Steady as she goes, seems to be the mode the economy is in, based on a new poll by Gallup Inc.”

9.Housing market perks up, underwater properties decline
” The Inland Empire is leading Southern California in home appreciation. “

10.New Policies Could Make Mortgages Easier To Get
“The regulator of Fannie Mae and Freddie Mac laid out new policies Tuesday that could make it easier for many Americans to obtain mortgages, in part by holding off on any reduction in the size of loans the firms can buy.”

11.FindTheBest Homes blends neighborhood and listing search
“FindTheBest, a “research engine” that claims 20 million monthly unique visitors, has launched neighborhood and listing search tools built around rich neighborhood data, marking the latest effort to stitch granular community information into the online real estate search experience.”

12.Faster Pace for Southland Home Sales; Median Sale Price Edges Higher
“Southern California’s housing market perked up a bit in April, with sales rising more than usual from March and dipping below a year earlier by the smallest degree in six months. Home prices edged higher again but at a slower pace, the result of more inventory, affordability constraints and less pressure from investors, a real estate information service reported. “

TonyAlvarez.com

1.Applications for New Home Purchases Increased in April 2014
“The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for March 2014 shows mortgage applications for new home purchases increased by 5 percent relative to the previous month.  This change does not include any adjustment for typical seasonal patterns. By product type, conventional loans composed 68.4 percent of loan applications, FHA loans composed 15.8 percent, RHS/USDA loans composed 1.6 percent and VA loans composed 14.2 percent.  The average loan size of new homes increased from $296,428 in March to $299,094 in April. “

2.U.S. Stocks Rise as Technology, Small-Cap Shares Rally
“U.S. stocks climbed, as Internet and small-cap shares rallied while the Dow Jones Industrial Average hit a record, amid deals activity that boosted confidence in the world’s largest economy. “

3.Why millennials are hurting the real estate recovery
“First-time home buyers haven’t been much help in the housing recovery, but it isn’t because young adults stopped aspiring to become homeowners. “

4. 43% of 2014 home buyers paid all cash
“Americans are still buying homes in all-cash deals, despite more investors leaving the market, according to a new report. “

5.Is Real Estate Crowdfunding Right for Me?
“Want to invest in an income producing, multi-family property in Indianapolis? How about helping fund a brand new shopping center in California? Thanks to real estate crowdfunding, ordinary investors may now be able to invest in real estate projects that were once available only to deep-pocketed real estate developers.”

6.Real estate market still advantageous for first-time home buyers despite seller’s market
“STATEN ISLAND, N.Y. — After a divorce, Christine Miglionico moved herself and her daughter into her father’s home. “

7.Investing in Property Still Possible in a Rising Market, Says Rick Otton
“Rick Otton, owner and director of We Buy Houses Pty Ltd, will explain how Sydney-siders can invest in property in a rising market when he launches his Ready,Set, BOOM National Tour later this month.”

8.Are Electronic Mortgage Closings Better?
“Real estate settlements will increasingly include more electrons and less paper if the government has its way. We’re plainly moving toward paperless closings but before celebrating it might be wise to look at the potential costs.”

TonyAlvarez.com

1.The Housing Recovery Needs More Than Just Rising Prices
“n the boom-and-bust housing markets with the biggest price rebounds, construction activity is lagging. In contrast, the markets where construction has recovered include big-city metros with strong rental demand. Rents are up 4.5% year-over-year, and rental affordability is worst in Miami and New York.”

2.Mortgage rates hit a 2014 low
“The average interest charged to borrowers for a 30-year, fixed rate loan fell to 4.21% from 4.29% last week, according to Freddie Mac’s weekly mortgage rate report. “

3.Nearly half of all home sales all-cash deals
“Want to buy a home? Better be carrying lots of cash.”

4.All Cash U.S. Home Purchases Surge With Rising Rates: Mortgages
“Greg Leffel, an investor in Columbus, Ohio, said he relishes cash deals as much as he dislikes home loans. He has spent $150,000 buying and renovating 10 foreclosed houses in the past two years and turned them into rentals. “

5.Average US 30-Year Mortgage Rate Falls to 4.21 Pct
“Average U.S. rates on fixed mortgages fell this week for a second straight week as the spring home-buying season has gotten off to a slow start.”

6. 43% of 2014 home buyers paid all cash
“Americans are still buying homes in all-cash deals, despite more investors leaving the market, according to a new report. “

7.Now more than ever, cash is king in real estate
“WASHINGTON — One in three buyers of U.S. homes is paying cash, a record high number, according to data made available to McClatchy.”

8.Zillow CEO: Home values appreciating about 6% YOY

9.Four out of ten homes sold for all-cash
“The share of all-cash home sales reached a new high in the first quarter even as the share of institutional investor purchases dropped to the lowest level since the first quarter of 2012, according to a report Wednesday night from RealtyTrac Inc. of Irvine.”

10.Mortgage rates hit low for the year on economic worries including housing
“Mortgage rates hit a new low for the year this week as worries about the economy made relatively safe investments like Treasury notes and mortgage-backed securities look more attractive to investors.”

TonyAlvarez.com

1.Mortgage Applications Increase in Latest MBA Weekly Survey
“Mortgage applications increased 5.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 2, 2014.”

2.Americans Shut Out of Housing as FHA Fees Jump: Mortgages
“After two months of looking for a home to buy, Brittani Kaufman walked into a townhouse under construction in Glen Burnie, Maryland, in April. “

3.Is it better to remodel or buy a bigger home?
“When Dave Payne married last December, he and his wife Jeannette decided to renovate the home she was already living in for over a decade in Winter Haven, Fla., thinking it would be cheaper than moving to another house. They spent $3,000 updating the 1987 interior with new paint, curtains, plugs, switches and repairing the sprinkler system. “

4.Toughest markets for renters looking to buy
“It’s not easy for first-time home buyers to make a purchase, thanks to stringent mortgage underwriting standards and tight inventory among lower-priced homes, said Steve Brown, president of the National Association of Realtors.”

5.How do major investors view the real estate market?
“A new quarterly report for gauging the real estate market, “The United Realty/Zogby Real Estate Confidence Index,” was released today.”

6.Real Estate Market Across the Board Looks Stellar for Texas
“Prudential Texas Properties reports all sectors of the real estate market have proven to be successful in 2013 and are projected to have great years in 2014, as the Fort Worth residential real estate market is already showing its muscles at the start of the spring season.”

7.A look into a housing inflexion point: 6 charts highlighting a dysfunctional housing market. Living at home into old age not promising for a resurgence in housing.
“You would think that with all the surefire bets in housing that people would be dialing up their realtors and heading out every weekend to make those lustful multiple offers presented in PowerPoint format on properties.”

8.Build or buy: There is no right answer
“With both new construction and existing sales on the rise across the country, the question for many potential homeowners has become whether to build new or buy an existing home. Realtors say there are benefits to both and the choice really depends on the individual’s needs.”

9.How To Measure Wall Street Reform
“Is Wall Street reform impacting the mortgage system? If we’re to believe the American Enterprise Institute’s International Center On Housing Risk, the answer is plainly no.”

10.Home prices continue their upward trek in March
“Home prices continued their steady climb upward in March and are helping crimp home sales in this year’s spring buying season, according to a report from analytics firm CoreLogic.”

11.Reverse Mortgages—Avoid a Reversal of Fortune
“If you are in your sixties, and own your home, you have likely heard about reverse mortgages—or will soon.”

12.Home buyers want new, but won’t pay for it
“A new survey finds that more than 40 percent of home buyers would prefer to buy new homes despite the ever-growing premium for a newly built home in the wake of a weak winter for residential sales and construction.”

TonyAlvarez.com