Majority of Hottest New Home Sales are Located in the South

Julie C. Nichols General

Reblogged from: The M Report – Brian Honea

Using two both new home sales figures and new home sales share, CoreLogic determined that eight out of the 10 hottest markets for new home sales are located in the South, let by Nashville, Tennessee, at 17 percent year-over-year growth.

In CoreLogic’s recently-released May 2015 MarketPulse, Chief Economist Sam Khater noted that Nashville is one of only five markets nationwide which has had a greater number of home sales in 2015 than it had in the pre-crisis years of the early 2000s.

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