THE FEDERAL RESERVE BANK
Democratic appointed Fed Chairperson Janet Yellen, a Bureaucrat is still petitioning the Federal Reserve Boanrd for a Interest Rate hike.
Chairperson Yellen, indicates the US housing market is up. The question then becomes "up from what?"
In brief, the Housing Market is only up from the current Administrations 2009 - 2015 forward, figures and presence in the White House.
The Housing Market from a normal USA Housing Market perspective, hasn't even reached a 50% recovery level when compared to 2003-2004-2005 Non Bubble Housing Bubble years and numbers of New Home Sales and Resale's.
The year 2009 is not a comparison nor are years from 2009-2015 or until you reach the benchmark of a normal functioning US Economy.
A sample would be: the most recent "Normal" economic figures say from 2004. A stabilized 2004 economic snap shot, plus a normal inflation rate of 3.0% to 3.5% on Currency/Cost Of Living and a 7.5%+ appreciation factor on Housing annually for at least 3 to 5 years above the 2004 level. This type of report would show economic stability.
In addition, Foreclosures have more than doubled since 2004. The 2015 year to date Foreclosures and New Home Sales numbers, appear to be little or no different from 2014.
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OBAMA MATH ~ Devaluation How does the current Administration count a Home Sale? Apples and Lemons.
A New Home Sale are counted a SALE when the Purchase Agreement is written and a $1.00 or more deposit is made.
A Resale of an Existing Home is Counted a SALE when it goes PENDING.
Then if the Sale CLOSED it is counted again! Noted* Approximately only 50% of the Purchase Agreement and Pending Sales Close.
Simply put, until all the Closed Sales are Recorded and counted you really do not have a Actual Number of Real Home Sales.
Any Interest Rate Hike always has a overall Down Effect on the US Housing Market.
Yellen's overall premise for the Rate Hike is to strengthen the Dollar by Montization of Treasury's Securities without strengthing the USA economy first. This is not a recognized method of Monetary Policy. Basically it indicates your Treasury Securities are worth more than the Economic Support Figures really show. Then the US may be subject to a devaluation.
The Euro Central Bank as of 11/30/2015 is currently in the process of Lowering their Interest Rates. Probably into negative interest because of World economics.
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Foreclosure Filings |
2014 |
1,117,426 |
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Foreclosure Filings
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Benchmark defined: a standard or point of reference against which things may be compared or assessed. 2004 and 2014 Non Bubble US Economy Comparison 2014 is Worse~477,426 More Forclosures Courtesy of: Statistic Brain Research Institute
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Term |
FreddieMac |
RetailRate |
30/30-$417K |
3.95% |
4.50% |
5/25 -$417K |
3.01% |
3.50% |
15/15-$418K |
3.18% |
3.625% |
Jumbo-MBA |
3.98% |
4.375% |
Prime Rate |
3.25% |
Fed Rate |
7/23 to 6M |
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6.025% |
0 PointCost |
Wholesale |
Estimated |
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RED = WORSE NEW HOME SALES HISTORY Provided by: US Census Bureau 2015 - 468,000 - 11/30/2015 2004 when compared 2014 New Home Sales are: DOWN 61%
2008 |
485,000 |
2009 |
375,000 |
2010 |
323,000 |
2011 |
306,000 |
2012 |
368,000 |
2013 |
429,000 |
2014 |
437,000 |
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Courtesy of: FEDERAL RESERVE STATISTICAL RELEASE US FEDERAL RESERVE BANK US Central Bank 2015 Debt -4 Trillion 400 Billion Dollars up from 2008 -800 Billion Dollars
Fed Debt needs to be Lowered
2015 Debt is up 3 Trillion 600 Billion Dollars 
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National Debt 2004 - 7.7 Trillion |
National Debt 11-30-2015 - 18.7 Trillion |
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2003 |
1,086,000 |
2004 |
1,203,000 |
2005 |
1,283,000 |
New Home Sales History 2015 is 60% Worse than 2004 735,000 Less New Home Sales SNAP SHOT NON BUBBLE YEARS 2003-2004-2005
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