Metrostudy’s Hunter Says Builders Seeing Conversions (Audio)

Brad Hunter, chief economist at Metrostudy in Palm Beach Gardens, Florida, says new home sales are moving higher as the traffic of potential buyers at building sites decide to buy homes and finally become “conversions.” He says better news on the job market is fuelling the trend. Hunter says older buyers continue to do all cash deals in many regions, and the level of mortgage rates is not yet a big factor for many buyers. Hunter speaks with Bloomberg’s Kathleen Hays on Bloomberg Radio’s "The Hays Advantage."

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