Entries by Charlie Christensen

Good times, rate rise & showbiz magic?

04-19-2019 SURGING SENTIMENT The Home Purchase Sentiment Index (HPSI) reached its highest point since June 2018 last month. Fannie Mae’s March HPSI showed a 5.5 point increase over February; 56% of survey respondents said it’s a good time to buy a home and 66% said it’s a good time to sell. ANOTHER ADJUSTMENT Interest rates […]

Delinquent Dakota, fund fraud & “Honey do”

03-15-2019 HOUSING HEALTH Serious mortgage delinquency rates declined in every state but North Dakota last year according to CoreLogic’s Loan Performance Insights through December 2018. CoreLogic’s Chief Economist Frank Nothaft said, “Our latest home equity report found that the average homeowner saw a $9,700 increase in their equity during 2018. Rising equity reduces the chances […]

First time for everything, wild rent ride & financial flops

03-08-2019 FIRST-TIME FORCE First-timers are driving the market according to Genworth Mortgage Insurance’s 2019 First-Time Home Buyer Market Report. Genworth Chief Economist and report author Tian Liu summarized his findings this way: “…growth in the first-time homebuyer market has accounted for virtually all of the growth in home sales and accounted for 65 percent of […]

Rents and inventory increase; rates rewind

02-22-2019 INCREMENTAL INCREASESThe housing market is changing according to Zillow Senior Economist Aaron Terrazas, who says, “The number of homes on the market is hesitantly inching higher–now approaching the highest level in a year and a half. The first quarter of 2019 is shaping up to be more competitive than the lull we saw as […]

Sales sputtered, rate reprise & great gains

02-08-2019 DOWN DECEMBERPending home sales dropped 2.2% in December according to the National Association of Realtors’ (NAR) Pending Home Sales Index (PHSI). The drop is due to several factors according to NAR Chief Economist Lawrence Yun who said, “The stock market correction hurt consumer confidence, record high home prices cut into affordability and mortgage rates […]

Hobbling home sales, market measures & date rating?

01-25-2019 DOWN DECEMBER Existing home sales fell 6.4% between November and December and 10.3% year-over-year according to the latest National Association of Realtors’ (NAR) Confidence Index. NAR Chief Economist Lawrence Yun cited interest rate activity as the cause. “The housing market is obviously very sensitive to mortgage rates,” he said. “Softer sales in December reflected […]

Homebodies, financial flashback & marital money

01-18-2019 HOARDING HOMES The housing inventory crunch is largely due to a spike in the amount of time Americans are staying in their homes. Based on a joint analysis of indicators with Moody’s Analytics, First American Chief Economist Mark Fleming said, “…today, we are in a near unprecedented homebody era, as increasing mortgage rates, low […]

Attitude, equity, income & world wealth

01-11-2019 SELLING SEASON The December 2018 Fannie Mae Home Purchase Sentiment Index® (HPSI) shows an array of opinions. Fannie Mae Senior Vice President and Chief Economist Doug Duncan said, “Consumer attitudes regarding whether it’s a good time to buy a home worsened significantly in the last month, as well as from a year ago, to […]

Sluggish sales, retro rates & moving mischief

01-04-2019 SEASONAL SLOWDOWN? The ramp up to the holiday season marked a slowdown in home sales according to the latest Pending Home Sales Index (PHSI) from the National Association of Realtors (NAR). NAR Chief Economist Lawrence Yun says November’s 7.7% year-over-year decline “…does not yet capture the impact of recent favorable conditions of mortgage rates.” […]