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Registered Feb 14, 2011
ThreeBays's most recent comments:
- On Mon, 28 Sep 2015, 10:38pm PDT
Pending sales used houses fall,
"The pending sales index was 109.4 on a seasonally adjusted basis. A reading of 100 corresponds to the average level of contract activity in 2001, or “historically healthy” home-buying traffic, according to the NAR."
So overall healthy levels then?
- On Fri, 25 Sep 2015, 11:28pm PDT
Housing Nirvana Gets Slapped By Higher Rates,
Logan Mohtashami says
Wouldn't purchase applications also be affected by the lack of supply? Also if the market has above average % cash buyers, doesn't this lower mortgage apps too? Can't buy a home with a mortgage if there's no home to buy with a mortgage.
Btw I just bought a house, so I'm about to transform from a perma housing bear mogwai, to a house cheerleading gremlin.
- On Sat, 5 Sep 2015, 9:22pm PDT
Ten Reasons It's A Terrible Time To Buy An Expensive House,
Yes, fundamentals. I'm generally a bear on housing, but I see rentals in the area as about on par or more expensive than owning at today's interest rates.