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2016 Jan 12, 9:17am
a lot of that was due to foreclosures and short sales
Same thing in what I am trying to say
Where are all the Boomerang Buyers?
Well Chapter 7 aren't coming back anytime soon and Chapter 13 have to qualify with incomes and assets which is going to be a hard struggle for a lot of them.
Gen X got wiped out in the last cycle, so you took off the Grid a portion of the Move up buyers
Then on top of that you still have some Housing bubble debt in the system which in the interview I have explained limits the capacity of move up buyers
Demographics was the easy one, this one I still don't get why a lot people didn't understand this back in 2010... It's not a 1 to 1 ratio with demographics, we were a very young and old country lacking a lot middle game
All 3 together.. You got this ...
The reality that 2014/2015 years 6 and 7 of the economic cycle with rising inventory and lower rates have produced the 2 worst years on purchase applications ever recorded once adjusting to population and 2014 was the low point in the cycle headline as well
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2016 Jan 12, 9:31am
Betting markets, chances of winning the general election:
Clinton 53.2%
Rubio 13.6%
Trump 13%
Sanders 6.8%
Cruz 6.2%
http://bit.ly/22XBvEd
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http://loganmohtashami.com/2016/01/11/state-of-the-u-s-housing-market-2016/
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