The Census Bureau reports : The … total June exports of $125.8 billion and imports of $152.8 billion resulted in a goods and services deficit of $27.0 billion, up from $26.0 billion in May, revised. June exports were $2.4 billon more than May exports of $123.4 billion. June imports were…
Important Note: Case-Shiller hasn’t released the Seasonally Adjusted data yet for May. There is a strong seasonal pattern for prices and this is the NSA data. S&P/Case-Shiller released their monthly Home Price Indices for May this morning. This monthly data includes prices for 20 individual cities, and two composite…
The Census Bureau reports : The … total May exports of $123.3 billion and imports of $149.3 billion resulted in a goods and services deficit of $26.0 billion, down from $28.8 billion in April, revised. May exports were $1.9 billion more than April exports of $121.4 billion. May imports were…
Adjustable rate mortgages (ARMs) use to be popular products. Recent news about many borrowers having difficulty meeting new payments when their adjustable rate mortgages were recast were likely contributors to the falloff in demand for these products. The decline in adjustable rate mortgages over time is remarkable. Click Chart for…
Click on Map for Larger View The map shows the number of FHA mortgage originations (purchase and refinance combined) by county in the U.S. for 2008. The warm colors show the areas having the highest amounts of FHA mortgages while the cool colors are county areas having the fewest…
Mortgage market concentration describes the level in which a few mortgage firms account for the preponderance of the total share of business in the market. Sometimes the winner takes all or mostly all of the business in a market. In general, mortgage markets are competitive. There are many firms…
Click Map for Large View The thematic map shows the number of Veterans’ Administration (VA) guaranteed mortgages originated by county in the U.S. for 2008. The hotter colors show the higher incidences of VA mortgages. Note the regional clusters in the southwest, the Seattle Metropolitan area, and central Texas.…
The number of Conventional Refinance loans originated in January rose to 284,872 from a December National Total of 187,638. Take a look at the chart below to see the monthly trend for the last year. Click on the image below for a larger view. We expect these numbers to continue…
The sales of homes in Fairfax County, VA rose in December 2008 compared to the same month one year ago. There were 927 homes sold in Fairfax county in December 2008 compared to 895 homes sold in December 2007. The chart below charts the monthly sales trend for all of…
The Orlando metro area like many other Florida cities with already high foreclosure rates may see increases by another 14 or 15% in 2009. The combination of housing price floors that can’t be found and an expected increase in job loss is further contributing to an already bad situation.…