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-- -- -- -- -- -- Existing home sales falling in -- down one point 5% from April that's more expected but up nearly 10% from last year.
Thirty year fixed rate on mortgages hitting another record low today I think -- -- the book three point 6%.
And now our next guest though says that.
-- a few people who says he's got a good feelings about the housing market to joining us now.
Rodney Anderson of supreme lending rod they wanted to take a look at a chart here in if you look at the year over year results.
-- -- are looking pretty good housing starts up 29%.
The other items like existing home sales new home sales up 1015%.
And yet month over month it's going down so that worries people which direction -- they gonna go overall next.
Well it's gonna continue to move higher the big problem in the in the issues behind this whole report is there's not enough supply now we want from a nine point eight months' supply of housing.
To about a six month supply in if you look at the numbers Dennis their -- 2.4 nine million homes on the market.
That's twenty per -- less than a year ago still.
11 big indicator in here is holding -- values were up seven point nine per -- And that is good news that is good news that people are buying and I'll tell you.
Nationwide we are seeing competitive bidding wars and the housing market yes it's -- it's in the bottom of the second -- but the housing market is moving in a positive direction.
Yet I like to sell on the hope there -- a lot of yet we have declared that housing body bottom many times a year basin the Texas area that's kind of a booming market here do you think that you put on rose colored shades because you're just -- happier environment.
Known fact I have a a meeting the other day with the president of -- fortune 500 RE excuse me eight our home builder that is publicly traded.
And he said we are selling homes in Phoenix we're selling homes in Florida we are selling homes in Dallas we're selling homes all over this country in fact I looked -- by -- personally by DR Horton stock a week ago.
It's at fifteen dollars and twelve cents that's stock is up to sixteen dollars and eighty cents or seen a 10% movement in the home builders in one weekend did you -- Over.
I did not might need a wide FHA just come out with a big role change and they were gonna make a change regarding collections.
On people's credit reports they rescinded that ruled just two days ago.
Wasn't going to implement it.
They're for the housing market they did implement it it was going to drop home sales.
They -- Arnett said we're not -- input it.
And I'll tell you I did not quiet but I am a buyer of home builders all right thank you -- Anderson nicely done the bit of hope and how --
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