Home Prices Up, New Construcion Down in First Half of 2019
Year over year home prices in the 2nd quarter of 2019 rose in over 90% of 178 metro areas tracked by a national realtors group. Markets analysts blame tight inventory conditions and stress that more home construction is needed, especially in the entry level markets. Construction of new homes, however, fell in most markets across the country in the first two quarters of 2019.
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