Wednesday, October 04, 2006
Time to Buy
from the AP
NEW YORK — The Mortgage Bankers Association said Wednesday that loan application volume increased strongly in the week ending Sept. 29, as did refinancings, as interest rates eased.
The trade association, based in Washington, D.C., said its market composite index, a measure of loan application volume, rose 11.9 percent to a seasonally adjusted 633.9 from a week earlier
Click on blog headline for the rest of the article
This blog was created on the basis that home builders became a good buy back in november 2005. Bought in at $35 per share on Toll Brothers and enjoyed 15% market share increase thanks to volitility as the bubbl heads scream "SHORT THE HOMIES" Today Toll is ready to break $29 a share and rising. I would be happi at $45 and rising, but that day is coming.
Never once did any reader ever have to worry falling behind, because the economic principles all held water and came through for you. On this basis I have never been more excited about owning th home builders.
Further more I never pumped buying a house in the suburbs where the baby-boomers will be migrating from. In fact I told you they would fall as the baby boomers retire - THAT DAY HAS NOT EVEN HAPPEND YET.
With all that said. If you are buying a house in the next year - TODAY IS THE DAY TO DO IT. If you plan on buying a house in the path of the migrating baby boomer, TODAY IS THE DAY, TOMORROW IS THE DAY, THE NEXT DAY IS THE DAY, NEXT MONTH IS THE DAY, NEXT YEAR IS THE DAY, FIVE YEARS FROM NOW IS THE DAY.
IN THE SHORT TERM MORTGAGE RATES WILL POP 5%, HOUSES WILL ALSO POP 5%. This means buy now or pay 10% more. THe iorny is when rates start to move up because the supply of mortgages are being bought out, more people will pile on.
The purpose of this blog is to track the investment oppertunities of the home builders, but there is no denying it. Today will be a far better time to buy a house than April 2007.
NEW YORK — The Mortgage Bankers Association said Wednesday that loan application volume increased strongly in the week ending Sept. 29, as did refinancings, as interest rates eased.
The trade association, based in Washington, D.C., said its market composite index, a measure of loan application volume, rose 11.9 percent to a seasonally adjusted 633.9 from a week earlier
Click on blog headline for the rest of the article
This blog was created on the basis that home builders became a good buy back in november 2005. Bought in at $35 per share on Toll Brothers and enjoyed 15% market share increase thanks to volitility as the bubbl heads scream "SHORT THE HOMIES" Today Toll is ready to break $29 a share and rising. I would be happi at $45 and rising, but that day is coming.
Never once did any reader ever have to worry falling behind, because the economic principles all held water and came through for you. On this basis I have never been more excited about owning th home builders.
Further more I never pumped buying a house in the suburbs where the baby-boomers will be migrating from. In fact I told you they would fall as the baby boomers retire - THAT DAY HAS NOT EVEN HAPPEND YET.
With all that said. If you are buying a house in the next year - TODAY IS THE DAY TO DO IT. If you plan on buying a house in the path of the migrating baby boomer, TODAY IS THE DAY, TOMORROW IS THE DAY, THE NEXT DAY IS THE DAY, NEXT MONTH IS THE DAY, NEXT YEAR IS THE DAY, FIVE YEARS FROM NOW IS THE DAY.
IN THE SHORT TERM MORTGAGE RATES WILL POP 5%, HOUSES WILL ALSO POP 5%. This means buy now or pay 10% more. THe iorny is when rates start to move up because the supply of mortgages are being bought out, more people will pile on.
The purpose of this blog is to track the investment oppertunities of the home builders, but there is no denying it. Today will be a far better time to buy a house than April 2007.
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