Should the Fed now raise rates

Financial conditions are much better than they were just weeks ago. Equities are up, yield spreads are down, the dollar has weakened and the VIX or “fear gauge” is at its lowest level since August.

Risk is suddenly appealing.

Should the Fed now raise rates? No, things are better because the Fed doesn’t plan to raise rates much this year.

A sudden change in plan will undo the recent improvements.

Paul Antonelli
REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
Where The Future Of Real Estate Is Coming in 2016.
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
AntonelliRealty.com
http://www.PaulAntonelli.com/
GetFreeShortSaleHelp.com
WhatsMyMarketValue.com/
ThatShortSaleGuy.com
http://www.paulantonelli.realtor/

We are going through the 4th longest since 1854

    Since the end of WWII, the average recession has lasted 11.1 months and the average recovery, 58.4 months.

The Great Recession, the most recent, was 18 months, the longest recession since 1929. The recovery, now in its 81th month, is the 4th longest recovery since recording began in 1854.

The longest recovery ever, 120 months!

Interestingly, the current bull market is 84 months long, making it the third longest bull market in history.

We are still seeing the aftermath of “Too Big To Fail”.

I am always willing to talk with Agents that work this business the way it should be. I will always have room in our company for good agents. 

Paul Antonelli
REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
Where The Future Of Real Estate Is Coming in 2016.
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
AntonelliRealty.com
http://www.PaulAntonelli.com/
GetFreeShortSaleHelp.com
WhatsMyMarketValue.com/
ThatShortSaleGuy.com

Negative Equity is still a problem

An update to a blog I posted weeks ago. Seeing this report you can tell that we still have an issue in the housing market.

According to a new report just out by Zillow Negative equity is down over 13 percent nationwide, but is still a nagging problem choking real growth and limiting new inventory, especially here in Central Florida.

The report states that six million homeowners were underwater in the last quarter of 2015. That number is still a problem, it is a lot lower than the peak 16 million underwater homeowners that we had in the beginning of 2012, and the 8 million of the underwater homeowners from last year.

Zillow made reference the reason the U.S. housing market is moving at a snail’s pace is due to the millions of underwater homeowners who have resurfaced over the past year. Those homeowners have led to a $75 billion decline in negative equity. But while the market has improved from just two years ago, there are still 820,000 homeowners who owe more than twice as much on their mortgages as their homes are worth. Meaning they are upside down.

“Some owners are so far underwater that positive equity may be several years away, leaving them stuck in their homes unable to sell,” the report stated.

Svenja Gudell, Zillow’s chief economist, said that the effects of this nagging negative equity on the overall housing market could be subtle but serious.

“Over time, negative equity can act as an anchor on a housing market, preventing underwater homeowners from listing their homes and reentering the market,” Gudell said. “It is more prevalent in less expensive areas that are affordable to first-time buyers. Without these homes available, many potential buyers are sidelined and unable to take advantage of mortgage rates that remain near historic lows.” #ThatShortSaleGuy  #SellMyOverMortgagedHome  #ShortSaleMyHome

March Market News Bites

• Existing home sales for February will fall between a seasonally adjusted annual rate of 5.23 and 5.58 million sales.

• This sales number is down 1.3 percent month-over-month. • However, it is up 10.4 percent year-over-year.

• The Market Composite Index, which measures loan application volume, decreased 4.8 percent on a seasonally adjusted basis week-over-week.

• On an unadjusted basis, the Index increased 7 percent week-over-week.

• The Refinance Index decreased 7 percent week-over-week, and the refinance share of mortgage activity decreased to its lowest level since January 2016 — 58.6 percent of total applications — from 61.0 percent the previous week.

• 30-Year Fixed Rate Mortgage Rates for the Past 6 Months bounced like Tigger between 3.9% to todays 3.67%, the high was 4.01% on Dec 31, 2015.

• Spending on private construction was at a seasonally adjusted rate of $831.4 billion.

• This is 0.5 percent above the revised December estimate of $827.3 billion.

• Residential construction was $433.2 billion in January, the same month-over-month as December.

• Home prices rose 1.3 percent month-over-month.

• Home prices rose 6.9 percent year-over-year.

• This is the 47th month of consecutive year-over-year increase, but the returns are no longer double-digit.

• Only two states are still showing decreasing home values, Louisiana and Mississippi.

• Default mortgages are still growing in many areas, like Florida, and are still a concern.

Thanks to Corelogic, US Census, BankRate and other news outlets.

    Want to Really Know what your home is worth today? Go to www.WhatsMyMarketValue.com

 Paul Antonelli

REALTOR Professional
Broker / Owner of NextHome Antonelli Realty
The Future Of Real Estate is HERE !
Cell; 321-443-4028       Email; Info@PaulAntonelli.com
www.AntonelliRealty.com
http://www.PaulAntonelli.com/
www.GetFreeShortSaleHelp.com
http://www.WhatsMyMarketValue.com/
www.ThatShortSaleGuy.com
http://www.paulantonelli.realtor/