Phoenix Has Highest ‘Bottom-Tier’ Sales Rate On New Homes

By Mary Salmonsen | BUILDER Online New-home sales are up by 35% YOY as of February—considering both the change in sales rate, which ties in supply and demand issues, and the change in total new-home orders. Jacksonville has the highest YOY change in the Zonda New Home Pending Sales Index for large metros at 80%, …

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What Does Recovery Look Like?

Back in March, National Association of REALTORS® Chief Economist Lawrence Yun said, “I am optimistic that the (CARES Act) stimulus package will lessen the economic damage, and we may get a V-shaped robust recovery later in the year.” Economists often describe trends by shapes, such as V (steep decline, strong recovery), U (wider, less defined …

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