A flag advertising a newly built home for sale flaps in the breeze in Richmond, Va. Research by economists at TD Securities show the uptrend in resale home values is nothing compared to the speedy rise in new-home prices.
Steve Helber/Associated Press

Two different segments of the housing market are yielding two different price trends.
When discussing Wednesday’s news that existing home sales climbed in March, National Association of Realtors chief economist Lawrence Yun said the 7.8% yearly rise in March’s median price was unsustainable. “This price gain of near 8% is not healthy, considering people’s incomes are only rising by 2%,” said Read More

Source:: wsj