Fridays odd job #’s

    Friday’s Employment data was a bit puzzling to say the least. While the economy created 160,000 jobs, it was the weakest growth since Sept of last year and the labor force participation rate fell from 63% to 62.8%.

   But year over year wage growth increased from 2.3% to 2.5%, the 4th best reading since Oct 2009, the number of long-term unemployed fell to its 2nd best level since Sept of 2008, and the average workweek increased.

A June rate hike remains a faint possibility.

 Don’t let the bank Foreclose, you still have rights, Call me at 321-443-4028 or email me at info@PaulAntonelli.com for more information.

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 Paul Antonelli

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

Fannie and Freddie earnings

fannie-freddieIn Sept of 2008, the government took over Fannie and Freddie after investing $116 billion and $71.5 billion in them respectively.

In exchange, the government initially took a 10% dividend on bailout monies and since 2012, against stockholders wishes, has been taking all profits.

In 2015, Fannie earned $10.3 billion, Freddie $5.5 billion, dividend rates of 8.9% and 7.7% respectively, significantly less than the 10% dividend, rendering common stock in both worthless.

    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/

Way Too BIG To Fail

In 2006, the four biggest banks (J.P. Morgan Chase, Bank of America, Wells Fargo and Citigroup) collectively had $5.2 trillion in assets, 44% of all US bank assets.

Today, those same four banks hold $8 trillion in assets or 51% of all assets.

Moreover, only Wells Fargo is valued above book!

This dismal situation suggests the biggest banks are generally poorly managed, have lousy growth prospects or, gulp, both.

    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/