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Fundamentals Drive New-Home Sales

BEVERLY HILLS, CA-Andrew Adler of Alta Verde Group tells GlobeSt.com's Carrie Rossenfeld that as home prices rebound, a trend toward new vs. existing home sales is growing, particularly among Baby-Boomers.

By Carrie Rossenfeld | Updated on October 12, 2012

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

BEVERLY HILLS, CA-With encouraging news from the home-buying front, a specific segment of home sales is seeing a strong resurgence: new homes. Andrew Adler, CEO of Alta Verde Group, a locally based innovative home builder, tells GlobeSt.com that home buyers—and Baby-Boomers, in particular—would rather spend their real estate dollars on new construction than on existing inventory.

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