callmejoe Posted July 12, 2014 Report Share Posted July 12, 2014 US Real Estate ... IYR, HGX, PHM Updated May'23: OverValued at $67? But PE is only 6x PHM- etc ... 10yr chart: since 2013: Apr.21: $67.13, PER: 5.79, Yield: 0.95% 10yr chart: since 2013: http://rt.com/business/171496-china-california-homes-property/ China buys $22bn worth of US homes, leads global pack Chinese buyers spent $22 billion on US homes in the 12-month period ending in March, or about 24 percent of total foreign sales by dollar value, according to a study released Tuesday by the National Association of Realtors (NAR). That’s up from $12.8 billion, or 19 percent, on the previous year. Total international purchases of American homes jumped to $92.2 billion, according to the NAR, an increase of $68.2 billion on the year before and $82.5 billion for the year ending in March 2012. Foreign clients made up about 7 percent of transactions in the $1.2 trillion US real estate market. Thanks to a surging economy that has seen China rival the United States as the world’s economic superpower, newly affluent Chinese customers are the silver lining in the US real estate market, which is slowly rebounding following the 2008 financial crisis. Chinese buyers, looking for their own piece of the ‘American Dream,’ paid on average $523,148 per property. By comparison, Americans paid an average price of $199,575, according to NAR’s statistics. Sixteen percent of sales went to Chinese buyers, and is the fastest growing sector, behind Canada at 19 percent, down from 23 percent the year before. Mexico ranked third with 9 percent of sales and India and the UK both accounted for 5 percent. (Added in edit, a chart): IYR / iShares U.S. Real Estate ETF ... All-Data : HGX / PHLX Housing Index ... All Data : 3-yrs : 12mos / 10d http://i273.photobucket.com/albums/jj235/jimolsen2/AG/HGX-all_zpsgjbktnlq.gif PHM / Pulte Group Ltd ... All Data : 3-yrs : 12mos / 10d Link to comment Share on other sites More sharing options...
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