Basking in Some Recent Good Housing News

By
Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI

 

 

Basking in Some Recent
Good Housing News 

 
 
 
     Interesting statistics and trends have been reported by the  Bureau of Economic Analysis  recently. 
 
Contact Gene Mundt, Mortgage Lender     Refreshingly, they show some positives have finally come to many current households ... and provide reason for some momentary basking.
 
     Did you know ...
 
     *  That household interest payments have fallen to an average of $469/month (as of the end of 2011).
     *  That this amount is DOWN from a 2007 high of $728.
     *  That translates to an average of $3,300 being saved each year.
 
    Also ... Did you know ...
 
     *  That 5.8% of after-tax income is now earmarked for interest payments on car loans, credit cards, mortgages, and other various loans.
     *  That this is the smallest percentage of after-tax income share spent since 1977, and an improvement in share ... down from the highest level, found in 2007, when it reached 9.1%. 
 
(As reported in the article, "3 Trends to Watch",
Scotman Guide /Residential Edition/7/2012)

     Improvements in these areas and statistics must obviously still be pursued, but they also show a much-desired and long-needed "ray-of-hope". 

    Pair the above-mentioned positives with the following:
 
    * According to the  Census Bureau, new housing permits, which began a climb last fall (2011), are at their highest level in more than 3 years.
 
    * The  National Association of Home Builders/Wells Fargo Housing Market Index  is reporting that builder confidence is at its highest level in five years.
 
Need to do Some Math to See if YOU Can Buy a Home?  Contact Gene Mundt, Mortgage Lender      Add-up all these things reported, and you have some reason to believe that we finally  may be seeing some light at the end of the tunnel, namely the housing recession.
 
    
     This is NOT meant to be a political statement or forum.  I believe these  positives should feel good to anyone, and certainly those doing business within, or-reliant-upon, the health of our real estate industry.  As I pointed out, they are not signs of completely restored health ... or an end to the need for vigilance or efforts to further improve and heal our industry and economy.
 
     But at least for the moment, they do my eyes and heart good.  Basking in these new positives provides me the strength to face the challenges still faced.
 
 
 
 
     * Contact me today, should you seeking guidance, info, or assistance regarding credit or mortgage service.  I can be found at any of the following:
Cell/Text:    708.921.6331 
Email:  genemundt
Skype:   630.219.1316 
Website:  www.genemundt.com

Mobile:  m.genemundt.com

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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                 IL Lic. #031.0006220  -  WI License #216987                                                                                                    

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Gabe Sanders 07/22/2012 09:02 PM
Topic:
Real Estate Market Trends
Location:
Illinois Will County New Lenox
Groups:
Mortgages
Chicago Area Real Estate BUZZ!
The Lounge at Active Rain
Posts to Localism
Bananatude
Tags:
housing market
trends
good news
housing recession
housing improvements

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Ambassador
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Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Gene- it's always a welcomed change to hear some positive news regarding the housing market. 

Jul 11, 2012 10:20 AM #1
Rainmaker
1,229,841
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Very welcome, Kathy!  I think we're hungry to hear it too ...

Gene

 

 

 

 

Jul 11, 2012 11:04 AM #2
Rainmaker
422,749
Nevin Williams
Fairway Independent Mortgage Corporation - Cary, NC
Senior Mortgage Advisor

Hi Gene- the stats are uplifting and I believe we are out of the housing recession.  We just closed on a home using my VA with a 3.375% on a 30 year fixed.    Who would have thought rates would ever get this low.  Yikes!  Low rates coupled with positive outlook for our economy is causing a mini boom.

Jul 11, 2012 01:50 PM #3
Rainmaker
2,257,053
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

The sad part about this good news, it is not being actively reported by the mainstream media. When I meet with clients that I'm doing preapproval for and discuss the market, they have no idea. Anyone in my preapproved database, get this kind of info, all the time.

Jul 11, 2012 11:44 PM #4
Rainmaker
1,229,841
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

I sure know that feeling of amazement, Nevin.  Back in the 80's, you NEVER would have thought these rates possible.  Heck, when I started in this business in the mid-70's, they were in the 6's!  Glad to hear that you're experiencing positives out your way too ...  we're beginning to see some movement here in Chicagoland too ... finally!

Joe:  It's definitely an uphill battle getting the message out.  We're competing against the bigger, louder media and there's a reluctance to believe what we in the business have to say too.  What I don't understand is, why the media doesn't want to report ALL sides of the issue and more positive things.  Shouldn't we ALL be pulling in the same direction regarding this issue??  The country sure needs a big dose of positive ...

Gene

Jul 12, 2012 05:39 AM #5
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Rainmaker
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

708.921.6331 - 40+ yrs experience
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