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Blog Entries by Molly Boesel

At Current Rate of Decline, Cash Sales Share Should Reach Pre-Crisis Levels in 2017

Cash Sales Made Up 35 Percent of Total Home Sales in October 2014

Molly Boesel    |    Housing Trends

Cash sales made up 35.5 percent of total home sales in October 2014, down from 38.7 percent in October 2013. The year-over-year share has fallen each month since January 2013, making October the 22nd consecutive month of declines. Month over month, the cash sales share ticked up by half of a percentage point, as is typical for the fall and winter months. Due to seasonality in the...

What’s an Acceptable Level of Mortgage Default?

Vintage Year Analysis Reveals Room to Loosen Underwriting

Molly Boesel    |    Mortgage Performance

There will always be some amount of delinquency in the mortgage market, but what is an acceptable level? At its worst during the housing crisis, the serious delinquency (SDQ)1 rate was 8.6 percent in February 2010. Recently, CoreLogic reported that there were 1.6 million SDQ mortgages in the U.S.—a rate of 4.2 percent of all active mortgages. Overall, the SDQ rate is on the...

Housing-Related Spending Made Up 17.6 Percent of GDP in the First Quarter of 2014

Revisions Show Largest Monthly Decrease in GDP Since 2009

Molly Boesel    |    Housing Trends

Residential Investment Growth Slowed in Lastest Quarter

The U.S. Bureau of Economic Analysis released its third estimate of Q1 2014 gross domestic product (GDP) today and the numbers show downward revisions in overall GDP growth from the second estimate released in May 2014. The first-quarter 2014 year-over-year growth rate for overall GDP was 1.5 percent, revised down from 2 percent, and the housing-related GDP growth was revised up to 2.1 percent...

Housing-Related Spending Made Up 17.3 Percent of GDP in Fourth Quarter 2013

Housing-Related GDP Grew at the Same Rate as Overall GDP

Molly Boesel

The Bureau of Economic Analysis released its second estimate of fourth quarter 2013 gross domestic product (GDP) today and the numbers show downward revisions in overall GDP and housing-related expenditures from the advance estimate released in January 2014. The fourth quarter 2013 year-over-year growth rate for overall GDP was revised downward from 2.7 percent to 2.5 percent and the...

Housing-Related Spending Makes Up 17.6 Percent of GDP

Growth in Housing Spending Lags Growth in GDP

Molly Boesel    |    Housing Trends

Numbers released today by the Bureau of Economic Analysis confirm that housing-related expenditures continue to make up a substantial portion of U.S. gross domestic product (GDP). To calculate the portion of domestic spending that is related to housing, we look at three expenditures from the quarterly GDP release: residential investment (the construction of new single- and multi-family...

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