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Daytona USA News Reel - Quarterly -  June 15,  2021 

Dow Jones, Nasdaq Composit, S&P 500 and Russell 2000 are at "the highest" level and moving up.

COVID- 19 viruses Vaccination have been initiated and in all probability we will have the basic result in 5 months.
October - November 2021

Daytona USA Newsreel, Just The Facts,  is comprised of  News Brief's and Current Events. 


Wall Street:
Just The Facts June 15, 2021
Stocks and Bonds: DJIA are Up to 34320.52 eased Up in the last 21 days.
Full rebound and moving up 18%+.

Wall Street is on an extended rally and is expected to continue to do so.  Yields --- Per Quarter --- Per year
2nd Quarter 2021    not in yet
1st  Quarter 2021   +6.17%
4th Quarter 2020  +20.9%

Annual Yield 5 Years
2019 +31.49% --- 2018 (-4.38%) ---
2017 +21.38% --- 2016 +11.96% --- 2015 +1.38%

US Federal Reserve Bank:
Just The Facts  June 15, 2021
FED: Prime Lending Rate  remains flat at 3.25%

 The FED's focus is rebounding the economy after 16 months of COVID 19 and lockdowns throughout the USA. The US will experience lockdown amid the virus for months to come.

USA Economics:
Just The Facts June 15, 2021
Issues and Solutions: Election Pros & Cons

The US economy appears to be stablizing now with vaccinations for COVID 19.
Still many are suffering the results of not working or limited work for the past year and a quarter.

 Biden Administration Successes
Just the Facts  June 15, 2021
Jobs, Foreign Relations & Gross Domestic Product:

The Real Estate Market is driven by lower interest rates and the FEDs response is good. Wall Street is moving upward with some intermediate changes from day to day but  appears firm and currently increasing

Real Estate: Just The Facts
June 15, 2021 Most recent report.
Real Estate Sales Up in June 2020:
 

USA Home Sales were Up in January 0.6% and down in February -6.6%, March-2.7%, April -4.4% and May 2021,  -2.7%.  May 2021 the Median Price was  $341,600. In June 2020 the Median Price was $295,300. That's up about +$46,900 in about a year.




FED Prime Rate Holds
at 3.25%.
The FED continues to
stimulate 
the market.
6-15-2021
 

USA Economic News
2018 Annual Report
Current History
Biden Administration
Financial Strength & Progress
for America
6-15-2021
 

THE WALL STREET MARKET:
Wall street has just regained its presence and balance that the market had and is up about 18% in the last 9 months.

5-24-2021
Bond Yield   1.10 to 1.50%           
                       3 months / Best 
Possible 1.0% increase by year end.                      

Bank Savings Interest Rate .55%    
Comenity

1 Yr. CD Rate         
Marcus  by Goldman Sachs    
.55%             %                %



Note: Savings rates on CD have Lowered in 2021. There is a substantial penalty for early withdrawal.

e-RETV News:  5-24-2021
Research and Development

  _______________________________________
FEDERAL RESERVE BOARD
6-15-2021

Most Recent
Fed does not expect to raise the benchmark interest rate (3.25%) until 2023.
FED is also lookinf at ways to bring back and supplement the USA admid COVID 19.
 
RETV.News 5-24-2021

EDITORIAL VIEWPOINT:
COVID 19 is not over. Many area in US cities continue to have record number problems. The hope is that the vaccination will curb the spread and ease the health issues that come along with COVID 19. It will be 5 to 6 months before we know for sure.

Rev.News 5-24-2021
_______________________________________
REAL ESTATE 6-15-2021 most recent
Home Prices UP in May 31, 2021


  USA HOME SALES

  MEDIAN PRICE - to date
  Most Recent
   5-31-2021           $380,000
   4-30-2021           $341.600    

   6-30-2020           $295,300    
   2-28-2019           $250,100

  1/30//2019           $249,300
  1/31/2018            $240,800
  1/31/2017            $227,300
______________________________________
Editor's Viewpoint: May 24,2021

Real Estate Nationwide is up about 14%.
The Benchmarkark for annual growth is 7.5% average. But remember we did not have growth, 
we had negative growth the first 9 months of 2020. 

Automobile Sales are Up  an Average of 8.0% for the first quarter of 2021, compared to 2020. Sales are still down 6.1% when compared to 2019.

Used Car Sales Up +20% Average for 2021.
Used Car Sales Down -20% Average for 202
0.
_______________________________
_______________________________

Editorial Speculation: May 26, 2021

The economy was growing as quickly as expected Thru May 26,2021.  COVID-19 vaccinations reflect a positive attitude in the USA.

As of January 2021 apprioximately 75% of the average  American worker can't afford a home.
The FED  is keeping interest rates at a low by not increasing the discount rate as of May 2021. Most of the Real Estate market is being driven by relocation.

 April 2021 household  income for the Median American (family) is $79,900 in 2019 it was $56,516. It's up $20,000 but fewer are making it.

Mens April 2021 income was about $1089. for 82% and the other 18% was at $989 compared to Womens $900 weekly. Difference relates to job style.

According to government stasticts that is not enough to buy the most reasonable priced home for their family.

Median Priced home $341,000. Over 50%-75% of Americans are affected.

It takes about $53,016 to take care of a family of four. The USA Poverty level for a family of four is  $26,500 or less.

With 20% Down or about  $58,000 you could possibly purchase a $290,000 home, with a 43,272.00 a month income and the monthly payment would be about $1010.00. No other debt. Good Luck.

Let's look at a snapshot American income:
March 2020. Next survey October 15, 2021.
 +- more or less unchanged to May 25,2021.

10.7% make under $15,000 annual,
  9.6% under   $24,999
  8.2% under   $34,999
12.3% under $49,999
16.7% under $74,999 
49.1% Americans(8.3% of the 16.7%) non affordability of a home)

12.5% under $99,999
___________________
From 100,000 +
14.5% under $149,999
   7.0% under $199,999
   7.7%  at      $200,000+ (Primary Beneficiary to                        $2.5 Trillion write down?)
___________________
Therefore economically speaking approximately:
50% or more of Americans can not by the average home under the normal cost of goods today.

Average wages are short of a home purchase, car payment and other debt are by at least minus,-$20,000. or more, a year in all reality.

To own the median family home you need approximately $65,000-$70,000 income, at least, with only $533.33 of other debt. This is an entry level home depending on location.

Also there less residual money at the peoples bottom 50.02%, than of the 49.98%, that have earnings of $100,000 (individual or family) or more annually.

RETVNews.com 6-15-2021
_______________________________________


Based on release of new information.


6-15-2021
Median Household Income
January 1, 2021 $79,900.00 
                         ^ $16,212 from 2020

Average Household Income
               2020 -  $97,973.00

Individual Workers Income Annual
USA Median Income:

Average Household Income 2021 -  $79,900.
(Down $18,000.)

Source: US Census Bureau
2021 -  $35,483         (Up $1,198. in 1 Year)
2020 -  $34,285         (Up $3,186. in 3 years)

2018 - $31,364          (Up +$0.72 cents a day)
2016 - $31,099


CPI
2021 -
2020 - 1.4%   
2019 - 1.7%
2018 - 2.5%
2017 - 2.0%
2016 - 1.3%
_________
2015 - 0.00
2014 - 0.00
2 Year Price increase $1,035.01
                                     ( Up -$2.83 cents a day)

Shortfall on income  (- $   770.01 Annual)
Prices increased more than income.
______________________________________

Just The Facts: Archive Date
FULL TIME WORK DEFINITION CHANGED

JANUARY 8, 2015

Changing the ACA's Definition of Full-Time Work. ... Employers may also opt to avoid the mandate by reducing hours and substituting part-time workers for full-time workers. However, contrary to the conventional 40 hour definition of full-time work, the law defines full-time employment as working at least 30 hours per week.Jan 8, 2015

JUST THE FACTS ~ WAGES SHOULD BE CALCULATED BASED ON A 35 HOUR WEEK RATHER THAN 40 HOURS.
_______________________________________

PART TIME WORK DEFINITION

A part-time contract is a form of employment that carries fewer hours per week than a full-time job. They work in shifts. The shifts are often rotational. Workers are considered to be part-time if they commonly work "1 hour" or fewer than 30 hours per week.
_______________________________________
Employed Numbers in Millions. 154,124,214

USA Work Force 6-1-2021
126,063+   - 40 Hours Full Time
  25,098+  -  35- (or Less Hours per week)


$35,483 Medium Income^(per person average)

36,123,686  - People Living in Poverty
Family of 4 Income Level $25,100 or less.
42,808,914  - Living off of Food Stamps

USA Goverment
M2
Population     May 28,202          
333,101,560
Part Time/Not working/Children   148,977,000
Millionaires/Billionaires                  18,602,014
______________________________________
 
 

_______________________________________ 

 

 

USA ECONOMIC NEWS as of Trump continues to move ahead with the issue.
  April 12, 2018
REAL TIME ANALYSIS
Annual Report and Comparison


April 4, 2017
The TRUMP Trek begins to Restore America.
Obama leaves a trail of Debt for Americans.

US NATIONAL DEBT: As Of: 4-4-2018
            -$21 TRILLION 115 BILLION Up from
           
-$19 TRILLION 963 BILLION  1/20/17
National Debt:  Notes
In 2008 the National Debt as of January 9, 2008, was 9 Trillion 719 Billion. The National Debt has more than Doubled in the last nine years. -1 Trillion went to the Mortgage Crisis 2008-2009 from the G.W. Bush Administration. An additional 9 Trillion was added to the US National Debt by the Obama Administration. From 2009-2016 the National Debt more than doubled the amount that has been accruing since the 1960's

US GDP GROSS DOMESTIC
PRODUCT: Is Up +879 BILLION to
               +$19 TRILLION 865 BILLION
                 FROM
              
 
+$18 TRILLION 986 BILLION
SHOWS SOME SIGNS OF CURRENT AND POTENTIAL GROWTH IF NOT CHOKED OFF

4/2018
US DEBT TO GDP RATIO:
 
(-106.29) ^
             Up From 4/2017      -104.49%
Worse in last 12 Months        -1.88% ^
This is due to USA Debt exceeds USA Gross Domestic Product. Current Debt is increasing more than the Gross Domestic Product increase year to date.


Obama has increased the USA Dollar Supply
-963 Billion in 12/31/2016
-536 Billion       4/4/2018 Improved
427 Billion fewer dollars printed compared to 12/31/2016 IMPROVED 55%. Result a Lowered USA Debt and public tax burden to date.

Cost to each Taxpayer 12/31/2017
an additional -$2,962.00  Annual.
Down to         -$1,629.00  4/4/2018 est.
With no apparent Benefit to the USA Taxpayer.

As of 4/4/2018 - - - - -
The above negative ratio indicates that the USA is spending more money than produces.

In 2018 Congress and President Trump passed 1 Trillion 300 Billion USA Budget.
This is the first realistic US Government increase since 9/11.
Budget Deficit listed below are for each year shown with a similar amount increasing annually for years not shown. Milestones.
Year        Deficit Amount
2002 -      -$158 Billion - G.W. Bush
2008 -      -$459 Billion - G.W. Bush
2012 -      -$1 Trillion 87 Billion - Obama
2016 -      -$767 Billion - Obama
2017 -      -$812 Billion - Obama >Trump
2018 est  -$633 Billion - Trump
The increasing Debt of the war effort is approaching 1 Trillion Dollars Annually.

This amount is approximately the same amount that is being added to our National Debt annually.  -$1 Trillion Dollars of Taxpayer Liability proposed for 2019.
Approximately -$1 Trillion Dollars of War Debt over the existing 1 Trillion 200 Billion 2018 Budget.

Without the expanding World War effort the USA in a very stretched sense would be within the proposed budget set for 2018.
The USA War Chest is approaching $700 Billion. This is more than 10x that of any other Country in the World.
In comparison, FDR Debt of World War II was -$21 Billion Dollars in 1942 and -$55 Billion in 1943 estimated Annual.

2016:
The Obama Administration and Congress is -$592 BILLION OVER THE 1 TRILLION 100 BILLION US 2016 BUDGET. Expressed as a percentage that is 53.81% ^
over budget. The Obama, US War chest is 548 Billion. The USA is not a healthy economy at this time.

AAmericans Living in Poverty exceed 42 Million or 12.96% 1/2017. This number has improved as of 4/2018 to just over 39 Million. 2017: Americans Living off Food Stamps is 41 Million1/2017. 4/2018: This number has improved to just under 41 Million. Both sets of numbers encompass different Americans with some duplication.


December 31, 2008, Comparison (year-end)

US NATIONAL DEBT:

-10 TRILLION 447  BILLION

US GDP GROSS DOMESTIC PRODUCT:   

+13 TRILLION 976  BILLION 

US DEBT TO GDP RATIO: +35.46% 

The above positive GDP Ratio reflects a USA economy that has produced more than it has spent.    


BOTTOM LINE:    1/31/2017

WORSE   2008 TO 12/31/2016      -41.83%
January 31, 2017  -41.15%

THE USA ECONOMY IS OVER     -40.00%
WORSE AS OF JANUARY 31, 2017 THAN
IT WAS IN DECEMBER 31, 2008. Improving
This does not include random Money printing.


AVERAGE INFLATION RATE
COMPARISON

YEARS                INFLATION RATE AVERAGE
2017 TO 2018              1.8%    Moderate Low
2009 TO 2016              1.4%      Recession

2000 TO 2008              2.9%      Moderate


America as a Democracy powered by Capitalism should have a positive "Growth at a Rate." This includes Real Estate and Retail Sales as a Country.
In order to do so a 2.5% Inflation Rate is Low and a 3.5% Inflation Rate is Moderate High when compared to USA history and the current Global Economy.
See World News page grid.
_______________________________________
 
 

EXIT BENCHMARK: 3/28/2017
USA Full Time Employment Needed:
1 Million 215 Thousand Americans
To get back to 2008 Actual Unemployed Level
_______________________________________
USA Overall Debt
As of 1/10/2017: Obama EXIT BENCHMARK
As of 4/04/2018: Trump Current Performance 

US Budget Deficit: -$5 Trillion 645 Billion
US Budget Deficit: -$6 Trillion 001 Billion

Social Security:   -$15 Trillion 619 Billion
Social Security:    -$16 Trillion 877 Billion

Medicare:              -$27 Trillion 720 Billion
Medicare:              -$27 Trillion 879 Billion
Total 1/10/2017:     -$48 Trillion 984 Billion
Total 4/04/2018:    - $50 Trillion 757 Billion
_______________________________________

USA Overall Debt Continued:
Total 1/10/2017:

Total 4/12/2018:
 
 
 

Unfunded Liabilities :  -$55 Trillion 777 Billion
Unfunded Liabilities:   -$62 Trillion 008 Billion
National Debt:              -$19 Trillion 954 Billion
National Debt:              -$21 Trillion 931 Billion
Federal Reserve Deficit -$3 Trillion 200 Billion
Federal Reserve Deficit -$3 Trillion 200 Billion
 

Liability Per USA Taxpayer

$875 Thousand 156 Dollars as of 1/10/2017
$929 Thousand 559 Dollars as of 4/12/2018

Real time analysis: 4/2018
Trump FUTURE PROJECTION: 2021

_______________________________________
Not counted above:
US Government IOU's to the American Public +2 Trillion 600 Billion + Yield for all Monies Removed from the Social Security Trust Fund completed without voter approval.
US Government War Chest:     +$633 Billion
National Debt Annual Interest: +$225 Billion
 
 
 
 
USA Budget 2018       $1 Trillion   300 Billion
_______________________________________
   
 
 

4/4/2018
TODAY
ACTUAL
 
 
 
 
 
 

US Budget Deficit: -$6 Trillion 001 Billion
Social Security:    -$16 Trillion 879 Billion
Medicare:              -$27 Trillion 879 Billion
Additional Unfunded Liabilities+ National Debt                       -$61 Trillion 917 Billion
Liability Per USA Taxpayer
$875 Thousand 156 Dollars as of 1/10/2017
$929 Thousand 014 Dollars as of 4/04/2018
 
 
 
 
 
 

_______________________________________
 
 
 
 
 
 

Editor Noted: War Funding is approximately -$633 Billion going up to 1 Trillion annually.
In 2015 it was $736 and 2016 $767 Billion.
 
 
 
 
 
 

USA Budget 1 Trillion 300 Billion "estimated"
Defense Spending     - Non defense spending
2018 -  $633 Billion    -   $539 Billion USA
2019 -  $700 Billion    -   $590 Billion  USA
2020 -  $715 Billion    -   $605 Billion  USA
_______________________________________
Further USA Economic News may be found on the Daytona USA Financial News and Daytona USA World News pages.
 
 
 
 
 
 
 
 

BIDEN ADMINISTRATION 2021:
Biden at G7 Summit

Major Accomplishments
January 20, 2021 thru June 1, 2021

   1) Wall Street  up 18% from 9 months ago.
 2) Real Estate Interest Rates remain low.
3) Economic Growth unconfirmed +6.5%
4) Unemployment  6.1% thru  April 2021
5) Median Income $79,900 - 2021

_____________________________________
Median Household Income 2020- $78,500.00
Median Household Income 2016- $57,617.00
______________________________________
Speculation per Thousand Dollars:

Initial Personal Income Plan Per from 5/20/2021:
$1000.00  Earnings
  +280.00. Inflation at 3.5% over 8 years
$1280.00   Earnings in 8 years
______________________________________
   $500.00   Expenses for the $1000. Earnings
   +140.00    Inflation at 3.5% over 8 year

$640.00    Expenses in 8 years
______________________________________
   +$13,440. End Game per $1000.00 of Income
______________________________________
                    Benchmark for Real Estate                    Appreciation 7.5% Annual
        as an  Average +- 2.5%
______________________________________

$100,000     Home Value 1/1/2017
$178,347     Estimated Value 1/1/2025
+$78,347     End Game Per $100,000
                    Real Estate Invested
______________________________________
$100,000     Stock Market Investment
$152,308      Yield Estimated at 5.4% Annual
+$52,308      Per $100,000 Invested in the market.
or
+   $5,230      Per $10,000 Invested in the market.
Above is Economic Speculation 


 USA Economic Advancement  2021 

USA PRODUCTIVITY
Projection
 

1st Quarter 2021 GDP Growth was +6.5%,  estimated.

  2nd Quarter
GDP % 2021

3rd Quarter GDP %  2021


4th Quarter. 
December 2020 GDP +4.3%

JOB GROWTH
FED 

Unemployment is  6.1%
Actual Unemployment over 12 months is
10.4% (Real)
__________
 Unemployment   
Benefits--Real

 2020-3.5%  6.9%  
2019-4.0%  8.1% 
  2018-4.4%   8.2%          

Congressional Budget Office
Above Averages Courtesy of RETV.News
_______________________________________________

Noted: Preceeding Administration 2008-2016
1.9375% GDP 
Only 2011-12 Election year increase.
Otherwise 7 years at the recession level.
History
______________________________________
USA ANNUAL INFLATION RATE
 Target  2.5% - 3.5%
____

Economic Inflation Range Benchmarks
  +1.5%             
 
Recession
  +2.0%  Low to Moderate
+2.5%    Moderate Low
+3.0%             Moderate
+3.5%     Moderate High
____

A Moderate level is necessary to
"Make America Great Again".
Inflation is needed for growth.
 
____

1.5% is a Top 10 Country Recession Level
 
2.5% is a Top 10 Country Moderate Level  
____
INFLATION RATE
6-2021     +2.4 % est.
 
 

2021 +2.40%* est Moderate (Biden)
2020 +2.26%* Moderate (Trump)
2019 +1.81%* Moderate (Trump)
2018 +2.40%* Moderate (Trump)

INFLATION RATE FOR 2020 YEAR +2.26.
Inflation Rate for 2016 +1.26
JANUARY - December  2020 COVID-19 Virus
*COURTESY OF THE BUREAU OF LABOR STATISTICS
__________________________________
 
RETV News Alert ~ USA  last 3.25 Years
 Moderate Inflation

__________________________________

Upward Inflation Rates shows stable growth.
A 2.5% to 3.5%+ Inflation Rate is the rate or value of a economy that is doing well,
less than 1.5% Recessionary.
_________________________________
Bureau of Labor Statistics
Annualized 
4.2%   April 2021- April 2020


USA Inflation Rate by the Month
  Year to date 2.4% ^
               

Jan. 2021 1.4% Feb.         21 1.7%
March   21 2.6% April        21 4.2%
May      21 %  June       21 %
July      21 %  August   21 %
Sept.     21 % Oct.        21 %
Nov.      21 % Dec.       21 %
USA Inflation Rate
Up for April 2021
 E
nergy +25% ^

Food    +.03% ^
Items   + .04% ^
 In U.S., average, seasonally adjusted.
January - April 2021


Revisions Courtesy of:
 

US Bureau Of Labor Statistics
May 1, 2021
Inflation Rates adjusted as Reported by 
US Bureau of Labor Statistics
all items less food and energy


____________________________________

2021 
ADMINISTRATION GOALS

OFFICIAL PROJECTIONS **
Actual to date (Black)

US Budget Deficit: -$4 Trillion 984 Billion
Currently                    -$3 Trillion  271 Billion ^

   Social Security:   -$22 Trillion 765 Billion**
Social Security:    -$21 Trillion 229 Billion 

Medicare:               -$28 Trillion 311 Billion**
 Medicare:          -$32 Trillion 930 Billion YTD       

Total 7/8/2021:-$56 Trillion 060 Billion**
Total 5-28-2021    
-$57 Trillion 430 Billion YTD

Prior to COVID 19 Unfunded Liabilities:  
   -$49 Trillion  416 Billion
May 28, 2021 Unfunded Liabilities
 -$148 Trillion 114 Billion
 
2021 estimates are Subject to Revision 

National Debt: 2021
Actual National Debt as of :
5/27/2021:  -$28 Trillion 335 Billion

  COVID 19         12/19/2020 - 5/2021
06/12/2019: -$22 Trillion 370 Billion
  01/1/2017: 
-$19 Trillion 540 Billion

Actual National Debt as of 6/12/2019:
-$22 Trillion 370 Billion, 594 Million  
 
 

__________________________________ ____
Editorial: 6-10-2021
Inflation Rate History

2020 - 1.4%
  2019 - 2.3%  
2018 - 1.9% 
2017 - 2.1%
1.925% Average
Federal Reserve Bank forcasted 2.00%

RETV News
 

Compass

Market News

House

USA and EURO MARKET  2021
June 15, 2021

Just The Facts
June 15, 2021
FED LOWER (S) PRIME
INTEREST RATE
Rates Down


Just The Facts
Real Estate
June 15, 2021
HOME SALES  Up

June 15, 2021
Up
USA compared to EURO BANK
$1.18 Dollar is worth $1.00 to Euro

Conversion USA $0.82 = $1 Euro Dollar
                                               USA   $0.82 

USA Savings Account Average
 .55%  Yield


                         June 15, 2021
US FED PRIME RATE : 3.25%  M
ay 27,2021 
____________________
Analysis:
Jerome Powell  Fed Chief, and FED leads the way, and indicates the rate will be lower at least until 2023. COVID 19 Recovery plan for the Nation. Interest rates are promoting the market.


_______________________________________

    

                              June 15, 2021
USA HOUSING NATIONAL SALES:
USA Home Down: 2021 
USA Home Prices Up last half of 2020 (States)
_________________________________              

Florida exceeds the National Sales with home sales up 15.7% Condos/TH up 28.7% with a Median price of 16.6% Up. See other States.
____________________
2021                                                           2022
August    2021                                           0.00% 
July         2021                                           0.00%
June        2021                                           0.00%
May         2021   Pending                          0.00%
April        2021   -4.4% Down                    0.00%
March      2021   -2.7% Down                   0.00%
February 2021   -6.6% Down                   0.00%
January   2021  +0.6%  Up                       0.00
%
_______________________________________
USA Real Estate 
SFR -                          $341,600 Median Price
         

 

                                6-8-2021
                           Mortgage Rates  

 

REAL ESTATE
USA AVERAGE HOME

INCOME QUALIFIER INFO
6-15-2021
most recent releases
___
Median Individual's Income
  May 28,2021
  $ 35,484.
00^
       INDIVIDUAL 
2 Wage Earners Family    
        $70,968. 00 
            ($5,914.00 Monthly)      

___
Estimated Median Family Income
$79,900 ^ As of  the year 2021

Middle Class is considered $30,000 TO $90,000 this year.
___
PURCHASE PRICE $341,900

Loan Amount $273,500
Qualify with 20% Down $62,500.
QUALIFY FOR $273,500

Qualify with $5914. Mo
___
Loan Rate 3.00% 30 due in 30 Yrs.
Payment $889.58 a Month
Taxes and Insurance $312.50
Other Debt $533.33
$1745.41 PITI and Debt per Month
Ratios
20.32/ 29.34
_________________
 
 
80% LTV Ratios
33.00 / 38.00

A Cash Down Payment of 20% is
estimated at $62,500 Plus closing cost and cash reserves of approximately $10,000.00. Total cash required $72,500 -+ to close escrow.


Average USA 2 wage earner family has to have
about $78,500 to enter the home ownership market at 80% LTV. At 90% LTV $47,250. Est.
_______________________________________ 
USDA - 0% Down - Select Areas
VA - 0% Down
FHA 3% Down

 
 

Home Loan Point Cost Est Retail Rate
30/30 - 510K 0.0%  2.42% v
5/25  - 510K 0.0%  1.74% v
15/15 - 510K 0.0%   1.70% v
30/30 + 510+K 0.0%

  3.00% v

Point Cost Lowers Rate Retail
FNMA FHLMC
Retail
Averaged Rate
Commercial 7 Yr. Fixed Due in 20 to $6,000,000. 1.5%
4.90%  v

Prime Rate

   
  3.25%
 
 
    3.25% v
 5.50%
5.25%
5.00%
4.75%
4.50%
4.25%
3.50%

5-27-202 1

8-14-2020

9-26-2018
6-12-2018
3/22/2018
12/14/2017
9/30/2017
10/1/2016
10/1/2015

Fannie Mae
60 Day Rate Delivery 30/30 YR.
   
     2.42 %= 

   1.18% v
   3.34% v
4.54%
4.16%
4.25%
4.28%
4.05%
4.00%
3.58%


6-08-2021

8-14-2020

6-12-2019
10-11-2018
7-13-2018
6-14-2018
5/15/2018
  4/04/2018 
2/13/2018
12/27/2017

                    Foreclosures
Fell to 0.16% in 2020.
Fell to 0.36% in 2019.
Down from 2010 when they were 2.23 %

USA HOME FORECLOSURES REPORTED

Foreclousre Filings 2020 - 214,323 12/31/2020
Foreclosure Filings 2019 - 493,066 12/31/2019
Foreclosure Filings in 2018 -602,827 10/12/2018
Foreclosure Filings in 2017 -676,535 12/31/2017
Foreclosure Filings in 2016 -933,045 12/31/2016

RETV.News Research and Development
                             
                
     CURRENT HISTORY 2020
Foreclousre Filings ~ Dec.    2020     214,323 v
Foreclosure Filings ~ Dec.    2019    493,066  v
Foreclosure Filings ~ April.  2018    651,979  
Down                                                 -437, 656                                             
 

Note: The above figure does not include defaults, auctions and repositions as shown in the annual figures below. These numbers are the best representation of the activity on the banking market
                               ________

     Courtesy of RETV.News 5/2/2021 Update

                           








 

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