An unrelated item to open this post:
...seen recently as an "Aside" in a left-hand column of one of the local papers:
...a very important and impactful item that took all of about 3" in length;
...not seen before nor since this early May report.;
...not given even the importance of a posted Author's name;
what is this item that I find so very interesting and even vital to all of us:
45-and-up is new U.S. voting-age majority
This little spittle on the length and size of the paper as a whole, points out that for the first time EVER,
Americans 45 & older make up the majority of the voting groups. this obviously makes the older voter THE most influential group in all of our elections.
Does this mean that the younger [than 45] voters are less likely to vote--perhaps!
This does indicate that either older Voters are actually Voting or that there are more older voters in the country.
It also can predict [for some] what the result of a vote may be based upon the subject of the Vote.
To draw the conclusion that ALL older [45 & up] voters will vote for or against a position, is to travel a pot-holed street.
What is plainly clear through all of this is that in this last census:
...there is a growth in those 45 & up;
...more couples remaining childless is growing;
...a slight growth in household size [did not delineate as to no. living within home or actual size of the house]
...a rapid rise in the number of Mexicans.
So, if this is to be considered as important as I see it-
-we are an older population, many without children, in larger households [extended families living in one house ?] & those 45 & older are the most apt to actually Vote when it counts.
So let's hear it for we older, more involved folks; here those 45 + join with us. Yeah for us.
Last week in the WSJ in the Money & Investing Section; an article by Nick Timiraos & S. Mitra Kalfta /
"Stains Visible in Homes Data" www.wallstreetjournal.com Thursday May 19, 2011
Here the authors present a chart that they call : "Housing Hangover"
This chart depicts the Loans in foreclosure and / or delinquent mortgages [90 days or more
as a share of all outstanding loans.
They further list the states on this chart.
[I am pleased that Michigan is for once, NOT on this chart--hopefully this bodes well for our state's Housing ]
The states in order of highest number of [90 days or more] delinquent are:
...Nevada 7 %
...California 4.5 %
...Arizona & Florida 4.3%
...Illinois & New Jersey 3 %
The article states that the Number of American households deliquent has fallen to it's lowest level in two years in this first quarter.
While the numbers of owners who are in foreclosure remain at near record highs for this same quarter
Using the same states as above, the results are:
...Florida 15 %
...Nevada 10 %
...New Jersey 8 %
...Illinois 7 %
...Arizona & California 5 -6 %
It is to be noted that the individual percentages are my accounting from the charts;
the article itself does not discuss each state individually. so, it is up to you to find your state's actual % to see the results.
This article was from the information released on Thursday 19 May by the Mortgage Bankers Association.
The MBA reported direct results that as of March 31st 2011;
...12.8% is the number of mortgage loans on one -to-four unit homes were 30 days or more deliquent /
or in the process of foreclosure;
...this represented more than 6.2 million households;
...this is DOWN to 12.9% from 14% in 2010;
A "market on the mend" is a quote from Jay Brinkmann--MBA's chief economist. "we're not healed yet but things are looking better than they did certainly in the year before."
More than 2.2 M households are in foreclosure as found in a MBA Survey.
According to the article, Fannie Mae is scheduled Friday [did not indicate if 20 May or 27 May as the date];
The chief economist of Fannie Mae - Doug Duncan--points out ..'rising gasoline prices & the FHA may be weighing on the overall homes market'
Time will tell if that is true.
Time will tell if this news will be the positive-movement-news that the Market needs. You know--the prophesy fulfilled information that so often colors our Markets.
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