Author Topic: Housing Analysis  (Read 58348 times)

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Offline eyephone

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Re: Housing Analysis
« Reply #960 on: May 23, 2019, 12:37:19 PM »
Not surprised by the big home improvement stocks. Lets look at the results.

Lowe’s LOWERS forecast for the year, Lowe’s adjusted earnings per share $1.22  vs estimate $1.33, revenue came lower than expected. However, same stores sales up.

Home Depot with $2.27 per share vs. estimate $2.18, however same stores sales lower than expected

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/home-depot-reports-first-quarter-2019-earnings-100446443.html

Lowe’s
https://www.cnbc.com/2019/05/22/lowes-shares-down-after-posting-mixed-first-quarter-earnings.html


Offline Loco_local

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Re: Housing Analysis
« Reply #961 on: May 23, 2019, 12:56:10 PM »
will this have any impact in Irvine

Quote
H-1B visa: Government says work ban for H-4 spouses coming this month
After a series of delays, the federal government is now saying it will this month publish a long-promised rule to strip spouses of H-1B visa holders of their right to work.

The news came via an update to the federal government’s “unified agenda.” The page dedicated to the planned work-ban has been changed to provide a new time-frame for the draft rule to be published, saying it will happen this month.

The prohibition would affect wives and husbands of H-1B visa holders on track for a green card. University of Tennessee researchers have estimated that 93 percent of the approximately 100,000 spouses, who are on the H-4 visa, are women from India.



https://www.ocregister.com/2019/05/23/h1b-visa-h4-spouses-work-ban/

Offline eyephone

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Re: Housing Analysis
« Reply #962 on: May 23, 2019, 01:13:31 PM »
will this have any impact in Irvine

Quote
H-1B visa: Government says work ban for H-4 spouses coming this month
After a series of delays, the federal government is now saying it will this month publish a long-promised rule to strip spouses of H-1B visa holders of their right to work.

The news came via an update to the federal government’s “unified agenda.” The page dedicated to the planned work-ban has been changed to provide a new time-frame for the draft rule to be published, saying it will happen this month.

The prohibition would affect wives and husbands of H-1B visa holders on track for a green card. University of Tennessee researchers have estimated that 93 percent of the approximately 100,000 spouses, who are on the H-4 visa, are women from India.



https://www.ocregister.com/2019/05/23/h1b-visa-h4-spouses-work-ban/

Maybe

Offline irvinehomeowner

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Re: Housing Analysis
« Reply #963 on: June 06, 2019, 12:34:12 PM »
So summer is around the corner and prices are... going back up.

Seasonal?
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Offline irvinehomeowner

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Re: Housing Analysis
« Reply #964 on: June 06, 2019, 01:58:31 PM »
Here, since some prefer data anb news from other sites:

Amid housing slowdown, Southern California prices rise slightly in April
https://www.latimes.com/business/la-fi-southern-california-home-prices-20190529-story.html

Quote
In a report released Wednesday, real estate firm CoreLogic said the six-county median sales price climbed 1.4% from a year earlier to $527,500. Sales, meanwhile, were up nearly 12% from March — far more than the average 2.2% month-to-month increase seen in April as the home-selling season heats up.

"Home-selling season"? What is that?

But sure, there was some "slowdown":

Quote
However, the annual gain in prices was far smaller than in recent years and the median — the point where half the homes sold for more and half for less — remains $7,500 below the all-time high reached in June.

$7500 difference so far. Is that large? So who wants to bet if it will be higher or lower than last year once June is over?

Overall, numbers say slightly increased or flat (similar to TI's poll: https://www.talkirvine.com/index.php/topic,16587.0.html):

Quote
Last month, the median increased or stayed flat in each corner of the Southland, with recorded gains smaller than in years past.

In Los Angeles County, the median rose 3% from a year earlier to $607,750, while sales fell 0.9%.
In Orange County, the median rose 2.8% to $735,000, while sales fell 8%.
In Riverside County, the median rose 3.6% to $390,000, while sales fell 3.3%.
In San Bernardino County, the median rose 1.5% to $335,000, while sales fell 4.7%.
In Ventura County, the median was flat at $585,000, while sales fell 0.2%.
In San Diego County, the median was flat at $570,000, while sales fell 3.4%.

But what does MLS data know? How about that Case-Shiller Index?

Quote
Other housing measures also show a slowdown. The S&P CoreLogic Case-Shiller index is considered the gold standard of price measurements, though it provides a delayed snapshot. On Tuesday, the latest data were released, showing prices in Los Angeles and Orange counties rose 1.3% in March from a year earlier.

Don't look at me... just reporting the data.
Once you go 3-car garage... your junk can never go back.
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www.irvinerealtorsite.com
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