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At -- private sales all of new homes fell slightly in August -- Home prices rising to a five year high -- my next guest said.
Recent housing data certainly shows overall positive trends -- the -- markets all of the country.
That the still struggling joining me now is Tonya Mark -- founder and president of team investors.
Investments -- something you so much for being here we are seeing more encouraging data there's no doubt about it that you say there was still some -- out -- -- -- those look.
Absolutely the first thing is that we're not even half of a healthy market.
So and economists say a healthy market 700000.
Homes per year and -- that this today came out at 373.
So -- that puts in perspective it puts it in perspective absolutely.
Who's buying these homes and listen is it investors like his cells to come in and buy up these cheap homes that are in on -- and then we'll spoke to profit down the road is that.
Where the market is right now this is the investors perfect storm but -- that lately so -- if so investors are coming in and buying up.
-- of homes and creating cash flow and really holding these for five to ten years not every investors.
My strategy is different from right so some investors may hold for three or some may hold for five -- may hold for ten.
So it's not a situation where every investors gonna dump their product back onto the market we're gonna see it dip again right it's going to be gradual with their investment strategy.
So really I don't see a problem with investors rising our market.
Because we don't know what their plan is and really it's coupled for cash flow that's the best plan out back.
All right Bob what about all the full close as we know that is a big inventory that are we eating all the way through the full -- now.
And -- that I read this morning that one point two million of the shadow inventory.
Is gone and the stats on it was very interesting.
Of them were short sales.
Which is interesting now.
And 470 of -- more bank -- So -- that one point two we've taken off of that six million which was the number that they projected right it's a good thing but that -- means that we have over four million homes to.
How long way to go.
Obviously we've had record low mortgage rates it seems now for years and years which is wonderful but I I would imagine anyone it could to take advantage of those rates -- forty have done so.
All the credit standards still pretty high for those people looking to get into the market.
-- credit standards are still extremely high and one of the things that's really -- debacle that they have to fix.
Is one in five borrowers received conflicting credit reports that -- trend -- an Experian and Equifax are all different.
And they go with them at all so you're you might be taking a higher rate.
That you don't need to take because there's a derogatory mark on your credit that one reported in the other doesn't have -- are really look into your credit.
That's a good place to begin ebitda and our -- -- as well -- molecule thank you so much for being here thanks here to stuff like -- --
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