“Luminous beings are we…not this crude matter.” Yoda
My idea of housework is to sweep the room with a glance.
Taking naps sounds so childish. I prefer to call them horizontal life pauses.
You can’t be sad when you’re holding a cupcake.
Now The Market Report . . .
The U.S. services sector contracted for the first time in about a decade last month, as the coronavirus pandemic brought economic activity to a screeching halt.
Household debt increased to a total of $14.3 trillion last quarter, the 23rd straight quarterly increase. Mortgage borrowing rose by $156 billion to $9.71 trillion.
Jobless claims came in at 3.17 million last week, bringing the 7-week total to 33.5 million. Despite huge numbers, the weekly decline in initial claims is a positive sign.
Over 3.8 million homeowners are in forbearance plans, representing 7.54% of all mortgages. The good news is that forbearance requests are now coming in more slowly.
A new study by ATTOM Data Solutions shows that May and June are the best months to sell a home, based on a study of 33 million single-family home sales from 2011-2019.
New-home transactions have reportedly doubled in the last two weeks as millennials from 31 to 40 years old show an increasing desire to buy.
“What would life be like if we had no courage to attempt anything?”
Vincent Van Gogh
This week’s potential market moving reports are:
Monday, May 11th: None Scheduled
Tuesday, May 12th: Consumer Price Index
Wednesday, May 13th: MBA Mortgage Applications, Producer Price Index
Thursday, May 14th: First Time Jobless Claims
Friday, May 15th: Retail Sales, Industrial Production
Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.
American Family Funding Recent Articles:
Weekly Expert Update {Market Report} – February 14, 2022
Quick takeaways: Three ways to ensure a positive experience for first-time homebuyers. Google is making privacy changes to its Chrome…