Month: May 2021

Employment and New Construction Drag on Growing Housing Market

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post Employment and New Construction Drag on Growing Housing Market The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Recovery in the housing market is stumbling back to solid ground, thanks to a rise in home prices and existing home sales, as well as a drop in foreclosures, according to the latest Housing Barometer report released Wednesday by Trulia.However, growth in these sectors is dragging disproportionally weaker growth in young adult employment and stagnation in the new home construction sector in its wake, and worsening conditions for borrowers and investors keeps the road to overall recovery bumpy.The strongest growth is in the value of homes being sold, according to Trulia’s chief economist, Jed Kolko. Though homes nationally were—by Trulia’s measure—5 percent undervalued in the first quarter of 2014, this is a vaulting improvement over the 15 percent undervaluation at the bust’s 2011 low point and the 10 percent undervaluation just a year ago.Similarly encouraging is the fact that rising home prices and an improving economy are shrinking delinquency and foreclosure rates. According to Kolko, the delinquency/foreclosure rate was 63 percent back to normal in February, up from 42 percent one year earlier. More foreclosures are also being completed and sold, particularly in Florida, New York and New Jersey, where a judicial-foreclosure process can take years.Holding up total recovery, however, is the steady-but-agonizingly-slow growth of employment among adults age 25 to 34, who are key to creating new households. Nearly 76 percent of these adults work, which is up not even one full percentage point from last year, Trulia reported.Similar stagnation plagues the new construction sector, which Trulia found to be only 44 percent of the way to where it should be—a 1 percentage point drop from last year.Further complicating recovery is a tri-level worsening of conditions for buyers and investors. First, though it remains cheaper to buy a home than to rent in the 100 largest metros, rising home prices mean declining affordability and, thus, a bigger challenge for first-time buyers.Second, investors looking to flip or rent properties are stepping back as home prices rise, meaning fewer existing homes are being sold.Third, potential buyers are leery of rising mortgage rates and the new rules that accompany them, and mortgage purchase applications and mortgage-based home sales are declining as a result.Kolko, however, expects this last factor may be a temporary hurdle. “Rates remain low by historical standards, and the new mortgage rules offer longer-term clarity that should encourage banks to make more loans that are within the new rules,” he said.Overall, Kolko puts the keys to recovery in the hands of the young. “The boost to young-adult employment is especially important right now,” he said. “The less the recovery can depend on the engine of investors, the more the housing market will need to rely on young adults entering the housing market, first as renters and eventually as buyers.” Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Subscribe Previous: Job Growth Ramps Back Up in California Next: PEMCO Limited Announces Leadership Award Winner March 27, 2014 1,166 Views Related Articles Sign up for DS News Daily Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days agocenter_img Tagged with: Foreclosure Home Construction Home Sale Home Values Trulia Unemployment Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Scott Morgan Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News Foreclosure Home Construction Home Sale Home Values Trulia Unemployment 2014-03-27 Scott Morgan The Best Markets For Residential Property Investors 2 days ago Share Save Home / Daily Dose / Employment and New Construction Drag on Growing Housing Marketlast_img read more

Economists Predicting Good News for Job Market, Housing

first_img Federal Reserve Bank of Philadelphia Housing Market Job Growth Philadelphia Fed U.S. Economy 2015-02-13 Brian Honea Economists Predicting Good News for Job Market, Housing Data Provider Black Knight to Acquire Top of Mind 2 days ago A survey conducted among economists by the Federal Reserve Bank of Philadelphia on economic growth in the United States released on Friday revealed that predictions have been revised upward for the labor market – which means good news for the economy and for housing recovery.The Philadelphia Fed surveyed 39 economic forecasters, and though their predictions regarding GDP and overall economic growth were little changed from the same survey conducted three months earlier, the forecasts for job gains and labor markets were much improved.”It’s got to be positive for housing, because all your consumer numbers are going in the same direction,” said managing director and chief economist with Wells Fargo, who was one of the 39 panelists to participate in the survey. “With more jobs, higher wages, and income growth, you always see an increase in consumer confidence.”The panelists predicted an annual growth rate for the GDP of 2.7 this quarter, 3.0 for the next quarter, and 3.2 percent for 2015 on an annual-average over annual-average basis (0.2 percentage points higher than the previous estimate). Real GDP is expected to grow at an annualized rate of 2.9 percent in 2016 and 2.7 percent in both 2017 and 2018.The projections for the national unemployment rate for this year and the next two years were below those reported last survey – the panelists predicted this year it will be an annual average of 5.4 percent and will tick downward for the next three years. It is predicted to be below 5.0 percent (4.9 percent) in 2017.The original estimates for job gains for the next four quarters were revised upward from the survey of three months earlier, however. The panelists said they expected jobs to grow at a rate of 269,300 jobs per month this quarter. Though job gains are predicted to be somewhat less for the next three quarters, they are still forecasted to be above 200,000 per month. Forecasters predict an average monthly job gain of 252,500 for this year and 213,600 for 2016.”If you’re going to get 200,000 jobs per month, you’re probably going to get 2.5 to 3 percent GDP,” Silvia said. “That’s pretty much trend economic growth.”The predictions for the declining unemployment rate for the next three years in the Philadelphia Fed survey came through despite last week’s announcement from the U.S. Bureau of Labor Statistics (BLS) that the national unemployment rate actually increased slightly from December to January (5.6 percent to 5.7 percent) despite a solid job gain of 257,000 for January. In reaction to that report, Fannie Mae chief economist Doug Duncan said he believed that “stronger hiring and firming income growth will be the primary catalysts for a faster pace of housing recovery in 2015.”Analysts believe that the economy has recovered enough for the Federal Reserve to begin raising interest rates – but they do not believe it will happen overnight. Fed officials have stated they are not in a hurry to raise the rates.”They won’t be very aggressive,” Silvia said. “They might raise the rates 50 basis points this year and 50 to 75 points next year.” The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Brian Honea Demand Propels Home Prices Upward 2 days ago Tagged with: Federal Reserve Bank of Philadelphia Housing Market Job Growth Philadelphia Fed U.S. Economy Previous: Increasing Rent Costs Present a Challenge to Aspiring Homeowners Next: $4.5 Billion in Nonperforming Loans, Delinquent Debt to Hit the Market The Best Markets For Residential Property Investors 2 days ago Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland.  Print This Post Servicers Navigate the Post-Pandemic World 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Economists Predicting Good News for Job Market, Housing Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Market Studies, News Share Save Sign up for DS News Daily Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Demand Propels Home Prices Upward 2 days ago February 13, 2015 1,218 Views The Week Ahead: Nearing the Forbearance Exit 2 days agolast_img read more

Deutsche Chief: Bank is ‘Rock Solid’ Despite MBS Probes and Settlements

first_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News February 10, 2016 1,331 Views Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Deutsche Bank RMBS Settlements Sign up for DS News Daily About Author: Xhevrije West Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Since the close of the financial crisis, Germany’s largest bank, Deutsche Bank, has faced several settlements related to violations of U.S. sanctions, rigging of interest-rate benchmarks, and allegations that it defrauded mortgage issuers Fannie Mae and Freddie Mac.Now, the bank is ready to resolve its legal and law enforcement problems that have occurred all over the world since the close of the financial crisis.As of today, the bank has paid over $9.3 billion in fines and legal settlements since 2008, according to a Bloomberg article.In addition to dealing with a variety mortgage-backed securities suits, Deutsche Bank is also facing an investigation by U.S. and U.K. authorities over whether its internal controls failed to catch some $10 billion in transactions that may have moved money out of Russia, Bloomberg reported.In August 2015, the 5th U.S. Circuit Court of Appeals in New Orleans has revived a lawsuits filed by the Federal Deposit Insurance Corp., accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities sold to a Texas bank that later failed, according to multiple media reports.In another case, in December 2013,  Deutsche Bank said it would pay $1.9 billion to settle claims that it defrauded Fannie Mae and Freddie Mac in the sale of mortgage-backed securities before the 2008 financial crisis, according to an article from Reuters.”Today’s agreement marks another step in our efforts to resolve the bank’s legacy issues, and we intend to make further progress in this regard throughout 2014,” Co-Chief Executive Officers Juergen Fitschen and Anshu Jain said in a statement.In a note to employees, Co-CEO John Cryan said the bank is “absolutely rock solid”and has a plan to cover its legal costs. “I am personally investing time to resolve successfully and speedily open regulatory and legal cases. A small group of senior people, led by me, will focus on this.” Demand Propels Home Prices Upward 2 days ago Deutsche Chief: Bank is ‘Rock Solid’ Despite MBS Probes and Settlements Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Previous: Wells Fargo Faces Challenges to Start 2016 Next: DS News Webcast: Thursday 2/11/2016  Print This Post Deutsche Bank RMBS Settlements 2016-02-10 Brian Honea Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Deutsche Chief: Bank is ‘Rock Solid’ Despite MBS Probes and Settlements The Best Markets For Residential Property Investors 2 days ago Xhevrije West is a talented writer and editor based in Dallas, Texas. She has worked for a number of publications including The Syracuse New Times, Dallas Flow Magazine, and Bellwethr Magazine. She completed her Bachelors at Alcorn State University and went on to complete her Masters at Syracuse University. Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Why Are Blue State Investors Renting Out Red State Homes?

first_imgHome / Daily Dose / Why Are Blue State Investors Renting Out Red State Homes? The Best Markets For Residential Property Investors 2 days ago Why Are Blue State Investors Renting Out Red State Homes? The Week Ahead: Nearing the Forbearance Exit 2 days ago Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Demand Propels Home Prices Upward 2 days ago A new analysis from ATTOM Data Solutions has found that 16 percent of all single-family investment homes in the United States are owned by out-of-state investors‒‒and most of these setups are owners from politically blue states renting out homes in predominantly red states.California, with more than 452,000 single-family investment homes itself, leads states in investors owning the most out-of-state investment homes. According to ATTOM, 24 percent of all investment homes owned by Californians are located out of state.  Florida, Texas, New York, Illinois, and Virginia round out the top five states where investors own out-of-state property. Overall, there are 3.4 million single-family, non-owner occupied homes nationwide.“In many cases those lower-priced markets are in politically red states with the out-of-state investors often hailing from politically blue states,” ATTOM reported. “Passive real estate investors—think young professionals with well-paying day jobs or baby boomer homeowners flush with home equity wealth—in high-priced housing markets are looking beyond their backyards for real estate investing opportunities in lower-priced markets.”For buyers who are looking to buy investment homes outside of their local markets, more technology and platforms are available these days, according to Gary Beasley, CEO of Roofstock.“A lot of demand is people in the Bay Area and New York City looking to buy in the Southeast,” Beasley said. “We have one Google engineer who just bought his sixth house. He said ‘this is fantastic, real estate is so expensive here and I don’t want to be tied just to Bay Area real estate.’”Florida, with 366,000 investment homes, leads states with the most homes owned by out-of-state investors. Second-place North Carolina featured 202,00 such homes, with Tennessee, Arizona, and Georgia close behind. Texas, just as it did for states with the most property owners invested outside the state, finished high on the list of states where outside investors own a lot of property.Maricopa County, Arizona, home to Phoenix, led counties with the most investment homes owned by out-of-state investors are. Clark County, Nevada (Las Vegas); Lee County, Florida (Cape Coral); Cape May County, New Jersey (Ocean City); and Wayne County, Michigan (Detroit), rounded out the top-five.To view the full report from ATTOM Data Solutions, click HERE. Share Save The Best Markets For Residential Property Investors 2 days ago Tagged with: ATTOM Data Solutions Blue States Investors Red States SFR Previous: Credit Plus Expands Reps and Warranties Coverage for Lenders Next: Industry Insight: The Future of Fannie Mae’s Credit Insurance Risk Transfers Subscribe Related Articles Demand Propels Home Prices Upward 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago ATTOM Data Solutions Blue States Investors Red States SFR 2016-11-21 Scott Morgan  Print This Post About Author: Scott Morgan Sign up for DS News Daily Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago November 21, 2016 1,307 Views in Daily Dose, Featured, Newslast_img read more

The Week Ahead: Yellen in the Spotlight

first_imgHome / Daily Dose / The Week Ahead: Yellen in the Spotlight Next week could potentially bring more changes from The Fed, as Janet Yellen, Chair of the Board of Governors of the Federal Reserve System, is scheduled to testify before the House of Representatives Financial Services Committee on Wednesday, July 12 at 10a.m. EDT before moving on to the Senate Banking Committee in the second half of The Fed’s semi-annual report to congress on Thursday, July 13. Yellen’s testimony on Wednesday will be followed by the release of the Beige Book at 2 p.m. EDT.Testimony will include the current economic situation and outlook, and will outline The Fed’s monetary policy going forward. Yellen has previously stated in her official statements that she expected a gradual increase in interest rates to keep in line with balance-sheet normalization, which The Fed would like to begin sometime this year.Looking forward, The Fed has no reason to believe the economy won’t continue to expand, which is consistent with its position last month when it chose to raise interest rates. Subscribe Sign up for DS News Daily Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Congress FOMC House of Representatives Janet Yellen The Fed Demand Propels Home Prices Upward 2 days ago Previous: Getting Better All the Time Next: Staying Afloat Servicers Navigate the Post-Pandemic World 2 days ago Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago About Author: Joey Pizzolato Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago July 9, 2017 1,375 Views in Daily Dose, Featured, Government, Headlines, News Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Yellen in the Spotlight Other Events in the Week Ahead: Construction Spending Report, Wednesday 3:00 p.m. GMTFreddie Mac Weekly Mortgage Survey, Thursday 10 a.m. EDTFederal budget for June, Thursday 2 p.m. EDT Congress FOMC House of Representatives Janet Yellen The Fed 2017-07-09 Joey Pizzolatolast_img read more

Leisurely Living

first_img  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Leisurely Living in Daily Dose, Featured, Market Studies, News Servicers Navigate the Post-Pandemic World 2 days ago Despite low inventory and higher prices, homebuyers are still looking into recreational properties, meaning vacation or secondary homes.To help this group of homebuyers discover markets suitable for their desires, RE/MAX INTEGRA released its 2017 Summer Recreational Properties Report, which reveals affordable data profiles from three states and its recreational housing market trends.The report noted three main reasons causing this competitive market, including, Baby Boomers starting to retire and seeking out homes where they can relax, but also have amenities for their children and grandchildren, Pre-retirement buyers purchasing their second home in preparation for retirement, and young families looking for vacation homes away from the city.However, according to Fiona Petrie, EVP and Regional Director for RE/MAX INTEGRA, Midwest, in order for buyers to find a home that fits within their budget, buyers might have to make sacrifices about size, location, and amenities.“We have seen low inventory in the primary home market, and now the recreational home market is no different—prices are escalating, and homes when priced right are selling rapidly—often with multiple offers,” Petrie said.So which locations are the best markets for buyers to consider?The Midwest region serves as a great market to look into. According to the report, the area of Lake Monroe Bloomington, Indiana averages home prices of $100,000 to $150,000. Not only is this location affordable, its close proximity to big cities like Indianapolis, Bloomington, and Columbus, serves as a benefit as well.Northwoods of Wisconsin averages home prices at $150,000 to $250,000. In addition, this location is best for retirees with families and provides a lot of options for buyers. Buyers can select between frontage type, lake size, or zoning to find a home within budget.In Minnesota, the Grand Rapids area is facing a housing surplus because there are more available homes than there are buyers, so there are great deals to be found. Buyers willing to sacrifice some square footage or lake size can find a home within a budget, with average home prices between $250,000 to $350,000.To view the full 2017 Summer Recreational Properties Report, click here. Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago About Author: Nicole Casperson Previous: Adding to the Ranks Next: All Signs Point Toward… HOUSING mortgage RE/MAX recreational homebuying 2017-08-22 Nicole Casperson Tagged with: HOUSING mortgage RE/MAX recreational homebuyingcenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] August 22, 2017 2,087 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Leisurely Living Subscribelast_img read more

Which Mortgage Loans Do Service Members Prefer?

first_img March 1, 2019 2,868 Views  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago in Daily Dose, Featured, Government, Market Studies, News Previous: Gateway Welcomes Christopher Treece as CFO Next: TRK Connection Announces Integration With Ellie Mae’s Encompass Data Provider Black Knight to Acquire Top of Mind 2 days ago Which Mortgage Loans Do Service Members Prefer? Share Save Tagged with: Servicemembers va loans The Consumer Financial Protection Bureau released it’s latest quarterly consumer credit trends report on Friday, which focused on mortgages made to first-time homebuying service members. The data for the report came from the Bureau’s Consumer Credit Panel (CCP) providing a unique look at the mortgage choices and outcomes between 2006 and 2016. Overall, the report showed that service members chose more VA mortgages than conventional mortgages, and the increase was equal among those with prime or nonprime credit scores.When buying a house, service members have the option of taking out a home loan guaranteed by the U.S. Department of Veterans Affairs (VA), or a conventional loan which is regulated by a different government agency, such as the Federal Housing Administration (FHA) or U.S. Department of Agriculture (USDA). The two differ in many ways such as VA home loans allow a purchase with no down payment and without mortgage insurance and may provide unique loan-servicing protections.  The report indicated that first-time homebuying service members using VA mortgages dramatically increased from 30 percent before 2007 to 63 percent in 2009. Among non-service member first-time homebuyers there was an equal increase in the use of FHA and USDA mortgages. However, non-service members’ reliance on FHA/USDA mortgages declined after 2009, while service members’ reliance on VA loans continued to increase up to 78 percent by 2016. Part of the reason for the shift towards VA loans was due to a widespread shift away from conventional to government-guaranteed mortgages between 2006 and 2009 for both servicemembers and non-service members. Conventional mortgages were about 60 percent of loans with first-time homebuying service members in 2006 and 2007, but declined to 13 percent by 2016, while with non-service members it fell from almost 90 percent before 2008 to 41 percent in 2009, and the combined share of FHA and USDA mortgages increased accordingly.Read the full report here Related Articles The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Stephanie Bacot is an experienced multimedia writer having created content for print, web, television, and more. She is the past producer of BIZTV, a national television network for businesses and entrepreneurs that reached more than 200,000 professionals. She has more than 15 years’ experience in healthcare marketing and was an advertising exec for Healthcare Journal of Baton Rouge, a trade publication focused on the healthcare industry, as well as the marketing director for a $5 million surgery center. Bacot is a graduate of Louisiana State University with a degree in Marketing and Communications. She resides in Dallas when she’s not pursuing her love of travel. center_img About Author: Stephanie Bacot Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Which Mortgage Loans Do Service Members Prefer? The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicemembers va loans 2019-03-01 Staff Writer Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribelast_img read more

Home Loan Delinquencies Impacted by Positive Outlook?

first_img in Daily Dose, Featured, Foreclosure, News Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Share Save Home / Daily Dose / Home Loan Delinquencies Impacted by Positive Outlook? Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Americans are paying their mortgages on time more often than they have in nearly two decades, according to the American Institute of CPAs’ (AICPA) Q1 2019 Personal Financial Satisfaction Index (PFSi). The PFSi states that loan delinquencies dropped 5.5% (1.8 points) from the previous quarter, with the improvement mostly driven by mortgages. While the amount of delinquencies dropped to its lowest level since 2007, the rate is still higher than what was seen between 1994–2003. The PFSi is calculated as the Personal Financial Pleasure Index (Pleasure Index) minus the Personal Financial Pain Index (Pain Index). Positive readings signal Americans are feeling more financial pleasure than pain.“No one wants to pay any more taxes than they owe. Now is the perfect time to use the information in your tax return and underlying documents to build a tax-efficient financial plan,” said Michael Landsberg, CPA/PFS member of the AICPA’s Personal Financial Planning Executive Committee. “This was the first year with most provisions of the new tax law on the books. As many have discovered, the changes went far beyond a reduction to income tax brackets. If you haven’t already considered the new tax law changes, now is the opportune time to review and update your financial plan.”Taxes and money are an important component of the Pain Index, especially when measuring financial satisfaction. The report states then when income taxes change, Americans notice because it impacts the amount of money they take home. Americans also hope for a lower tax burden, which, for some, can be reflected in a higher refund.Americans received an average tax refund of $2,899 in 2017. In 2018—the first under the new law—the average tax fell to $2,795, according to the IRS.The Q1 2019 PFSi measured 36.1, an 11.3 percent (3.7 points) increase from the prior quarter. The increase was due to a 2.4-point increase in the Pleasure Index combined with a 1.3-point decrease in the Pain Index.Stocks surged in the first quarter of 2019 after a sharp decline in the fourth quarter of 2018. Gains in the stock market, combined with an improved job market, pushed American’s personal financial satisfaction to a new record high, according to the AICPA’s Q1 2019 PFSi.The PFSi bounced back from its first decline in two years to reach its sixth record high in seven quarters. About Author: Mike Albanese Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Subscribe Sign up for DS News Daily center_img Home Loan Delinquencies Impacted by Positive Outlook? Data Provider Black Knight to Acquire Top of Mind 2 days ago Delinquencies Mortgage Delinquencies Mortgage Rates 2019-04-25 Mike Albanese Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: Delinquencies Mortgage Delinquencies Mortgage Rates Demand Propels Home Prices Upward 2 days ago Previous: The Industry Pulse: Updates on UBS, LRES, and More Next: Fannie Mae Honors Mortgage Company for Second Consecutive Year Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Related Articles April 25, 2019 1,978 Views last_img read more

Deputy Doherty launches scathing attack on budget

first_img Deputy Doherty launches scathing attack on budget Facebook Guidelines for reopening of hospitality sector published By News Highland – December 6, 2011 RELATED ARTICLESMORE FROM AUTHOR WhatsApp Google+ Pinterest Previous articleThe Society of the Irish Motor Industry says motorists an easy targetNext articleOmagh earmarked for jobs in proposed NI Health Adminstration shake up News Highland Three factors driving Donegal housing market – Robinson Business Matters Ep 45 – Boyd Robinson, Annette Houston & Michael Margey Twittercenter_img News Sinn Féin has launched a scathing attack on the Budget.Finance Spokesman Pearse Doherty says it will hit those who are least able to afford it.He said the Government said the Finance Ministers Mortgage Interest Relief increase of 30% proves he doesn’t understand the situation…..[podcast]http://www.highlandradio.com/wp-content/uploads/2011/12/pd1.mp3[/podcast]Deputy Doherty also called on the Government to clarify if they would sign any European Treaty.He said any changes to treaties could cripple the country for decades….[podcast]http://www.highlandradio.com/wp-content/uploads/2011/12/pd2.mp3[/podcast]And the Sinn Fein Finance Spokesperson concluded by asking; “Will this budget change the lives of the homeless?” He answers no…..[podcast]http://www.highlandradio.com/wp-content/uploads/2011/12/pd3.mp3[/podcast] Google+ Twitter LUH system challenged by however, work to reduce risk to patients ongoing – Dr Hamilton Calls for maternity restrictions to be lifted at LUH WhatsApp Facebook Pinterest Almost 10,000 appointments cancelled in Saolta Hospital Group this week last_img read more

Irish woman drowns in Australia

first_img Dail to vote later on extending emergency Covid powers WhatsApp News Facebook Pinterest Pinterest Facebook Dail hears questions over design, funding and operation of Mica redress scheme Twitter Twitter HSE warns of ‘widespread cancellations’ of appointments next week Google+center_img An Irish woman has died in a diving incident in Australia.The Department of Foreign Affairs has confirmed that it is providing consular assistance to the young woman’s family.Her name has not been released but it’s understood she is from Donegal.She died after getting into difficulty in a diving incident in Queensland. Irish woman drowns in Australia Google+ PSNI and Gardai urged to investigate Adams’ claims he sheltered on-the-run suspect in Donegal By News Highland – April 19, 2011 Man arrested in Derry on suspicion of drugs and criminal property offences released WhatsApp 70% of Cllrs nationwide threatened, harassed and intimidated over past 3 years – Report Previous articlePSNI in Strabane concerned for safety of missing womanNext article23-year-old Donegal woman dies in scuba diving accident in Australia News Highland RELATED ARTICLESMORE FROM AUTHORlast_img read more

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