US House Price Median Close To Touching New All Time High.

[one world]

From the Wall Street Journal.

http://blogs.wsj.com/economics/2013/08/21/vital-signs-median-home-price-just-7-3-off-2006-record/

Interestingly 80% of homes sold in the US these days are bought with cash, back in 2007, that figure was around 20%.

This time around the house price recovery seems eminently sustainable.

 

[MTR]

From the Wall Street Journal.

http://blogs.wsj.com/economics/2013/08/21/vital-signs-median-home-price-just-7-3-off-2006-record/

Interestingly 80% of homes sold in the US these days are bought with cash, back in 2007, that figure was around 20%.

This time around the house price recovery seems eminently sustainable.

Very interesting

Also banks are now lending again so home owners are back in the market. Recovery is certainly on the way, has been for a while now.


MTR

 

[Graemsay]

A lot of money being spent on houses is from investment funds. They're buying them up in huge numbers, renovating, and then renting them out. That would correlate with the fall in borrowing.

If institutional investors or funds are driving the market then is it less or more sustainable than individual home owners?

 

[MTR]

A lot of money being spent on houses is from investment funds. They're buying them up in huge numbers, renovating, and then renting them out. That would correlate with the fall in borrowing.

If institutional investors or funds are driving the market then is it less or more sustainable than individual home owners?

Never in US history have we seen huge investment funds buying up resi homes by the bucket load. The difference with these funds from the foreign investor is that they are happy with lower yields 7-8%.

 

[BayView]

Very interesting

Also banks are now lending again so home owners are back in the market. Recovery is certainly on the way, has been for a while now.
MTR

I think the Banks were always lending - just the borrowers could not qualify.

 

[Oscar]

Atlanta no where near top of cycle. I look forward to that when the time comes as selling them off should be a lot of fun. Great we have some forum members active in this market to help pick the right time...