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No Housing Nirvana In This Cycle


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2015 Jul 24, 9:04am   1,585 views  5 comments

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http://loganmohtashami.com/2015/07/24/no-housing-nirvana-in-this-cycle/

Existing homes sales are showing growth as well, and we are seeing less cash buyers and more mortgage buyers. This is a key metric to watch and which I believe will indicate a return to a healthier purchase market.

#housing

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4   _   2015 Jul 24, 12:56pm  

This is actually somewhat bullish that median prices are falling, it's one of the factors I was looking for on growth above 12% this year.

The make up either implies discounting on the top end or more middle to lower end purchases.

All in context due to a low bar, in fact if sales hit estimated levels last year we would have a negative print today year over year
even with the added 12 months a 2 million plus jobs in the cycle and lower rates.

5   _   2015 Jul 26, 6:02am  

Same data line goes with starts and permits, which has legs as rental demand is kicking into high gear now with household formation rising again

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