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So much Jamie.
Well the housing recovery continues -- new homes in April rising 2.3 percent from march and get this median home prices.
Hitting record highs up almost 15%.
He's joining me now out with some tips on how we complaint is continued housing recovery -- -- thanks for tonight.
Lou hurry today great wellspring is Chris mess for the homebuilders so how they -- -- this holiday season.
Doing extremely well we're seeing high amounts of demand very -- competitive supply and homebuilders are able to raise prices.
What does that mean a low supply I'm sure there's some particular builders are putting into that group who have -- the land right then they can get inventory out there a little bit more than others.
Sure the bigger than the builders biggest competitor existing homes for sale and especially in the markets where the the -- self.
Most of their presence we -- an existing homes sales drop down a fairly fairly.
-- numbers like less than four months of inventory on the ground itself -- so competitive threats have come down for the industry.
Brain and you like these particular homebuilders in particular.
Ryland -- -- and DR or in some of these are up more than 30%.
This year so they certainly have been writing this recovery -- of what you like that stocks.
It's -- makes us think of one they have the land to go out and build more neighborhoods in and meet the demand for housing to out there and into.
These companies are also serving -- to move up buyers an entry level buyers so.
They have a good mix of the economics -- people who want -- -- -- home.
Right are we found -- in a market that's really right for the home sellers right now is this -- time to sell your home in your opinion.
Every situation is going to be different but are looking to sell where especially in the market -- we five markets we focus -- if you're looking to sell prices are coming up.
Seems like a very good time to -- this.
That would make people feel richer right if you actually know how much your home is worth and you're getting more comfortable with what that prices.
I didn't yet typically the wealth effect would you would you would see some some.
Some of the wealth effect come into play at that point if he felt like for the first time in several years you -- tell your and that's certainly something that's gonna happen -- looking at some.
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