PLEASE FOLLOW ME @ https://twitter.com/MrMarkHanson AMAZING STATS… I am a big believer in the power of “REFI CAPITAL CONVEYOR BELT” and all the” debt-prosperity” that refi-boomette’s bring. In other words, if credit is income and refi’s are big credit, then refi-boomette’s are big income (and revenue). With a refi, not only can a borrower save hundreds of
PLEASE FOLLOW ME @ https://twitter.com/MrMarkHanson . I put out much more regular detail and respond faster on a variety of housing & related subject matter than through the blog. HOUSE PRICE DECELERATION The rah-rah Case Shiller headlines this week didn’t tell the real story of DECELERATING price trends, especially in certain, core, leading-indicating regions.
PLEASE FOLLOW @ https://twitter.com/MrMarkHanson . I put out much more regular detail and respond faster on a variety of housing & related subject matter than through the blog. 1) So, to sum up Jan housing data released over the past week: rotten, leading-indicating Pending Sales today and Builder New Home Sales last Friday. And
Friday’s weak “January” New Home Sales report — 555k SAAR vs 580k consensus and vs my 550k forecast — after December’s 8% plunge to 536k, strongly suggests that the Nov RATE SURGE and new year has NOT brought the much-hyped, “reacceleration” in housing demand. In other words, the “rate surge is great for the house