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Reply #9: Refis are not included in PHS. I mentioned it because rates are also driving refi business [View All]

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Godhumor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-02-10 11:15 AM
Response to Reply #7
9. Refis are not included in PHS. I mentioned it because rates are also driving refi business
As far as investor versus primary resident, property has to be "flagged" as investment when purchased.
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  -Pending Sales of Existing Homes in U.S. Increased a Record 10% in October Godhumor  Dec-02-10 10:24 AM   #0 
  - Kicked and recommended.  Uncle Joe   Dec-02-10 10:28 AM   #1 
  - This is coming from maki, barclays capital. Why should I believe him?  still_one   Dec-02-10 10:31 AM   #2 
  - Could this be "investors" buying up homes to rent OR hold for..........  pattmarty   Dec-02-10 10:48 AM   #3 
  - The index measures the following  Godhumor   Dec-02-10 11:06 AM   #5 
  - So you are saying that a "refi" is included in this data? And, I am..........  pattmarty   Dec-02-10 11:12 AM   #7 
     - Refis are not included in PHS. I mentioned it because rates are also driving refi business  Godhumor   Dec-02-10 11:15 AM   #9 
        - I've heard people brag  Steerpike   Dec-02-10 11:20 AM   #10 
        - Well, therein lies the rub. What EXACTLY do you mean by "flagged"?.......  pattmarty   Dec-02-10 11:20 AM   #11 
           - Not a box to check, but a lot of legalese  Godhumor   Dec-02-10 12:11 PM   #12 
              - Ah, but I would submit  quakerboy   Dec-03-10 10:22 AM   #32 
                 - It tracks all pending cash sales  Godhumor   Dec-03-10 03:06 PM   #36 
  - Your antennae is a good one. Many of these homes are cash buys.  David Zephyr   Dec-02-10 07:02 PM   #13 
  - That was the real strong feeling that I was getting. With the high..........  pattmarty   Dec-02-10 07:48 PM   #15 
     - Accounts for less than 1/5 of purchases this past month, just like in the trailing 12 months  Godhumor   Dec-02-10 09:43 PM   #17 
        - Well let me give you my opinion; the "legalese" you spoke of..............  pattmarty   Dec-03-10 07:45 AM   #21 
           - OK, let's talk about lying  Godhumor   Dec-03-10 08:21 AM   #22 
              - You really are not serious, right? Man, you oughta be on FBN......  pattmarty   Dec-03-10 08:32 AM   #23 
                 - Yes, MLS is used as a data source for the data table  Godhumor   Dec-03-10 08:42 AM   #24 
                    - So, you really aren't serious. You just are putting out industry propaganda........  pattmarty   Dec-03-10 02:11 PM   #33 
                       - I kept it civil and backed up my thoughts with data and explanations  Godhumor   Dec-03-10 03:04 PM   #35 
  - Employment rate is not steady at 9.5%. It's back up at 9.8% Obama will be on TV soon to discuss.  No Elephants   Dec-03-10 09:09 AM   #26 
  - I predicted a while back  Steerpike   Dec-02-10 10:54 AM   #4 
  - How do you go from general pending home sales stats to proof of a property cabal.  Godhumor   Dec-02-10 11:11 AM   #6 
  - Oh you doubt me?  Steerpike   Dec-02-10 11:14 AM   #8 
  - You are correct in the trend, Steerpike.  David Zephyr   Dec-02-10 07:04 PM   #14 
  - From the October existing home sales report:  Godhumor   Dec-02-10 09:40 PM   #16 
  - More sales of distressed properties over last year? nt  OlympicBrian   Dec-02-10 10:37 PM   #18 
  - Yeah, people are buying up a ton of foreclosures, short sales and REOs  Godhumor   Dec-02-10 10:52 PM   #19 
  - Bottom feeders are swarming. Over a third of sales were distressed.  No Elephants   Dec-03-10 09:12 AM   #27 
     - And have been at that level for over a year, unfortunately  Godhumor   Dec-03-10 09:40 AM   #28 
  - No, it's called speculators nt  OlympicBrian   Dec-02-10 11:50 PM   #20 
  - And the correct answer goes to this person.  Safetykitten   Dec-03-10 09:55 AM   #29 
  - Income and job growth? Happy Days Are Here Again.  No Elephants   Dec-03-10 09:00 AM   #25 
  - This is just statistical noise.  Ruperto31   Dec-03-10 10:00 AM   #30 
     - Not really  Godhumor   Dec-03-10 10:06 AM   #31 
        - We'll see.  Ruperto31   Dec-03-10 02:25 PM   #34 
           - Well, yes  Godhumor   Dec-03-10 03:07 PM   #37 

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