2
0

Housing 2014 Mid-Year Update: The Rich Have Their Cake And Eat It Too


               
2014 Jul 5, 12:23am   5,570 views  19 comments

by _   follow (8)  

http://loganmohtashami.com/2014/07/05/housing-2014-mid-year-updatehousing-2014-mid-year-update-the-rich-have-their-cake-and-eat-it-too/

BenzingaContributor As the housing selling season winds down with the end of spring and the beginning ofthe summer months, it is a good time to get informed perspective of housing demand for the year. This can be gleaned from three major metrics; mortgage purchase applications, existing home sales and new home sales, year over year (YoY). Six months of data forthe first indicator, mortgage purchase applications, shows applications significantly down compared to the same period last year.

#housing

« First        Comments 9 - 19 of 19        Search these comments

9   Eman   @   2014 Jul 19, 2:23pm  

EInvestor says

WORK FOR IT ! Anybody who has the brains and is willing to work hard and smart and risks everything CAN BE RICH ! Even then not all will be rich but are you willing to do this or just complaining and waiting for more freebies ?

Anyone can do it, but not everyone will. Will you?

10   _   @   2014 Jul 19, 2:40pm  

Portal says

You think the republican party is pro wage and salary growth?

You can make a great case the Republican party are very pro shareholder nation friendly. Which means profit margins and return value to shareholder is key

Globalization, Technology, Debt, Demographics are bigger economic problems than a political party ( Thinking long term) here.

Technology advances have created great wealth ( Income Wise, non capital gain income) for the upper class but has done a number on the lower side of the equation.

In terms of min wage expansion. I don't have a problem with a rise in Min wage. I just don't believe it's as big of a economic boost as many make it seem to be with the $7.25 min wage level

We have near 139 million workers, only 3.3 million make that $7.25 wage and a large segment of that 3.3 million are 2nd wage earners. So, yes a boost in pay would help that group out but the velocity of that $$$ getting into economy to make a difference just isn't mathematically possible because it's a small number and low income families really pay for expense items and don't really expand too much on consumer consumption

11   lostand confused   @   2014 Jul 19, 10:17pm  

Globalization and free trade are probably the biggest reason to our mess. At least put import duties-nope. But now that corporations are fleeing the US , lets see what they do.

The dems seem to want to raise a berlin wall of regulations to keep them here. it will be easier if they just say -our country, you become a foreign company you pay a flat % import tax to do business here. Considering the situation we were in when Obozo took over-the country was ready to move away from free trade. But the clown was a wolf in sheep's clothing and worse than his predecessor.

12   _   @   2014 Jul 21, 3:44am  

I actually disagree with the thesis, bond market knows the Fed will end QE but they don't care.

Each QE ending has resulted to lower yields.

http://advisorperspectives.com/dshort/guest/Chris-Kimble-140721-Bond-Update.php

13   _   @   2014 Jul 21, 3:45am  

2.44% key line. A close below and follow through action is a clean break of the channel and yields can get to the low 2%

14   Analyzer   @   2014 Jul 21, 3:52am  

What do you expect the investors (who snatched up the bargains) are going to do in the next couple of years?

15   _   @   2014 Jul 21, 4:06am  

Analyzer says

What do you expect the investors (who snatched up the bargains) are going to do in the next couple of years?

To each their own. There is enough % gains for those who bought in auction to sell right away, much like we saw in 2010. A lot people are looking for yield returns with real estate.

The 1% crew and what they do with their cash investment is tricky to say what they will do.

Total cash volumes are coming down hence the negative YoY sales we see on EHS. However, coming to market with a lot homes I am not sure that is in their playbook.

My rental property has gone up a lot but I am probably never going to sell it because the rental yield is good. So unless I am a financial reason to do so it's going to stay a rental.

I haven't heard or seen anyone say the investors are looking to drop big amounts of their allocated homes to the market.

When ZIRP ends and yields get higher that might be a different case.

We never built enough rental homes in this country and now the builders are playing catch up

If you look at the demographics of the U.S. we will have a lot young Americans for the next 2 decades ages 20-35 and they will be more natural renters than buyers

16   _   @   2014 Jul 21, 4:21am  

Call it Crazy says

Maybe not...

SFR residential expansion is different that multifamily expansion
We never really built out strong enough for multifamily and only now trying to play catch up

17   _   @   2014 Jul 21, 4:21am  

18   _   @   2014 Jul 21, 4:22am  

We don't have a housing shortage for now we have a on-sale shortage of homes.

Builders know this hence not expanding on SFR in a strong fashion which is smart on their part

19   _   @   2014 Jul 21, 4:40am  

Updated Today too 15% increase YoY

Inventory not the issue for 2014, its demand from main street

« First        Comments 9 - 19 of 19        Search these comments

Please register to comment:

api   best comments   contact   latest images   memes   one year ago   users   suggestions   gaiste