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Home Prices on the Rise

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  • Description

    FBN’s Jeff Flock talks to Shodeen Homes President Craig Shodeen about the housing market.

  • Duration 1:43
  • Date

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RR -- -- reporting home prices are written on the way up.

Citing 85 point 5% increase in the twenty city index Jeff Flock is in Geneva Illinois.

Please let markets are worth looking at and how homebuilders we'll take that he is -- Analysts I'm gonna give you the secret.

To success even in a tough market but first the good markets and the bad markets.

Take a look at the winners and -- Shiller home price index first of all it's the places that did the worst during the recession.

Places like Phoenix San Francisco Detroit bouncing back even and Las Vegas those are the winners.

One of the losers well ones that we continue to talk about from the last month's report.

New York continues to be the worst market a -- the only loss in the -- -- city index Chicago all solo on the list Cleveland and Boston the others.

We're in the mill creek community this is -- development outside Chicago in that Chicago market.

But about the secret to it you're building spec houses Craig should being.

People are doing that anymore why you do in.

You know we found some tremendous problem response to -- -- -- generally the public castaway -- homes sold to -- now.

So once they do they need a place to move right away -- got something ready for a he -- ago we literally have something for everyone -- here and we keep a large variety of inventory it's a tip for the home builders and take a look at their stocks today you might guess based on case Shiller all the home builder stocks are up.

Bob many of them up 34%.

In some cases next hour we will have year to date on the home builder stocks.

You were -- some big money if you bet on the home -- Melissa.

Very -- Jack -- thanks so much.

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