Americans Buying Homes Again in June, Pending Home Sales +1.5%

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  • #10728
    TradersCom
    Keymaster

    [article]91[/article]

    #10729
    ThePitBoss
    Participant

    “The National Association of Realtors (NAR) Pending Home Sales Report measures the change in the number of homes under contract to be sold but still awaiting the closing transaction, EXCLUDING NEW CONSTRUCTION.”

    Very important declaration – so is this the home flippers index? 🙂

    #10730
    Helmholtz Watson
    Participant

    Another thought is the lull was also when all the concerns over the Fed rising was going on

    #10731
    ThePitBoss
    Participant

    [quote=”Helmholtz Watson” post=453]Another thought is the lull was also when all the concerns over the Fed rising was going on[/quote]

    and all the partisan diversion at the hill – Russia etc

    #10732
    Helmholtz Watson
    Participant

    [quote=”ThePitBoss” post=454][quote=”Helmholtz Watson” post=453]Another thought is the lull was also when all the concerns over the Fed rising was going on[/quote]

    and all the partisan diversion at the hill – Russia etc[/quote]

    True that to – though they have now split the country up perfectly as intended – Mid West off tells you something

    #10734
    Assistanc3
    Participant

    Supply not meeting demand will push housing prices higher

    btw, I wonder how much of those houses in the South are Canadians buying

    Which foreign buyers are snapping up record amounts of U.S. real estate? Surprise, it’s Canadians

    Canadians purchased 33,819 properties in the U.S., the top five destination by state Florida, Arizona, California, Texas and Georgia. Those numbers pale in comparison to the 69,135 purchases in 2010 when the dollar was near par. But Canadian activity has perked up over the past year, thanks to rapidly rising domestic prices, which appear to have helped finance stateside purchases.

    The realtor group looked at sales over a 12-month period from April, 2016 to March, 2017 and saw an almost 26 per cent jump in purchases from a year earlier among Canadians. The average property price by Canadians during that year-long study was $560,844, an almost 69 per cent jump from the average price a year earlier.

    #10735
    Helmholtz Watson
    Participant

    [quote=”Assistanc3″ post=457]Supply not meeting demand will push housing prices higher

    btw, I wonder how much of those houses in the South are Canadians buying

    Which foreign buyers are snapping up record amounts of U.S. real estate? Surprise, it’s Canadians

    Canadians purchased 33,819 properties in the U.S., the top five destination by state Florida, Arizona, California, Texas and Georgia. Those numbers pale in comparison to the 69,135 purchases in 2010 when the dollar was near par. But Canadian activity has perked up over the past year, thanks to rapidly rising domestic prices, which appear to have helped finance stateside purchases.

    The realtor group looked at sales over a 12-month period from April, 2016 to March, 2017 and saw an almost 26 per cent jump in purchases from a year earlier among Canadians. The average property price by Canadians during that year-long study was $560,844, an almost 69 per cent jump from the average price a year earlier.[/quote]

    Makes a lot of sense with the warmer climate and also oil and gas jobs picking up in Texas

    #10736
    Assistanc3
    Participant

    plus Canadians are getting older and winter is harsh, even in Ontario

    If CADUSD were to hit part again, which I don’t think it will
    I foresee a mass influx of Canadians heading south

    #10737
    Helmholtz Watson
    Participant

    Makes sense – what happened to all those American actors leaving to Canada if Trump got in ?

    #10747
    Assistanc3
    Participant

    [quote=”Helmholtz Watson” post=460]Makes sense – what happened to all those American actors leaving to Canada if Trump got in ?[/quote]

    they were “just acting”

    #10750
    ThePitBoss
    Participant

    I hear there’s a job going for a new actor as communications director – last one wasn’t a very good actor took on the Joe Pesci role a little too literally

    #10826
    ThePitBoss
    Participant

    US MBA mortgage data 2 Aug

    refi index 1361.0 vs 1414.3 prev
    30year mortgage rate 4.17% as prev
    purchase index 235.4 vs 249.1 prev
    mortgage market index 406.6 vs 418.5 prev

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