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LOL. First of all the new homes sales data out today were data for October. The election was November. In case you didn't know, October happens before November.
Second of all, one can tell how desperate statements like yours are simply by looking at a chart of today's housing data, such as the chart at this link. They topped out late last year and have been falling ever since. Late last year was a year before the election.
Trumplings are desperate to spin anything they can.
Trump supporters will be in this thread shortly to spin and deflect in any way they can. Remember, folks -- if ANYTHING goes right with the economy, it's all Trump. If ANYTHING goes bad with the economy, it's anybody but Trump's fault.
Fact is, Trump inherited a very healthy economy from Obama, and Trump's bonehead tax breaks for the rich and idiotic tariffs are starting to backfire and we're seeing the impact his choices are making.
You called it right. His approval rating will continue to decline. The supporters deny, deflect, distract and repeat. Luckily, non-supporters and some conservatives aren't gullible.
LOL. First of all the new homes sales data out today were data for October. The election was November. In case you didn't know, October happens before November.
Second of all, one can tell how desperate statements like yours are simply by looking at a chart of today's housing data, such as the chart at this link. They topped out late last year and have been falling ever since. Late last year was a year before the election.
Trumplings are desperate to spin anything they can.
The imminent Blue Wave as well as the FED killed the market...Buzz kill experts.
The Neighborhood Assistance Corporation of America ( NACA) is a not for profit mortgage broker/ community advocacy organization. Participating lenders pay them a fee for doing the upfront legwork. Participating real estate brokerages pay them referral fees.
Their primary focus is on new buyers of homes requiring rehab in neighborhoods requiring stability. Investors/ flippers are not welcome. Incomes and spending habits are verified. Borrowers are provided with lifetime financial counseling.
Unlike subprime lenders during the bubble, they focus on 15 and 30 year fixed rate mortgages of owner- occupied housing. A Denny’s waitress is not going to acquire multiple properties with ARM financing with short term resets, which happened too often in some areas during the bubble.
They also require a minimum 5 hour a year volunteer effort to advocate for NACA within their communities, protest predatory lending practices and voter registration.
They managed to weather the fallout of the recession better than many other mortgage brokers and continue to secure multi $ billion commitments to fund qualifying mortgages from large banks.
Unique to this program is that buyers are required to occupy the home for the life of the loan and lenders cannot sell the loans in the secondary market.
I have no personal experience with this organization.
The Neighborhood Assistance Corporation of America ( NACA) is a not for profit mortgage broker/ community advocacy organization. Participating lenders pay them a fee for doing the upfront legwork. Participating real estate brokerages pay them referral fees.
Their primary focus is on new buyers of homes requiring rehab in neighborhoods requiring stability. Investors/ flippers are not welcome. Incomes and spending habits are verified. Borrowers are provided with lifetime financial counseling.
Unlike subprime lenders during the bubble, they focus on 15 and 30 year fixed rate mortgages of owner- occupied housing. A Denny’s waitress is not going to acquire multiple properties with ARM financing with short term resets, which happened too often in some areas during the bubble.
They also require a minimum 5 hour a year volunteer effort to advocate for NACA within their communities, protest predatory lending practices and voter registration.
They managed to weather the fallout of the recession better than many other mortgage brokers and continue to secure multi $ billion commitments to fund qualifying mortgages from large banks.
Unique to this program is that buyers are required to occupy the home for the life of the loan and lenders cannot sell the loans in the secondary market.
I have no personal experience with this organization.
Yep. Another swamp thing recommended to him by the king of the swamp - Mnuchin. There is a story out today that Trump did not reappoint Yellen because it bothered him how short she is. We have a moron in the White House, honestly. And it is going to hit all of our pocketbooks very hard over the next couple years.
“ Reportedly” is the key word.
Multiple sources told WAPO Trump liked Yellen but thought her lack of height made her less effective.
Who knows if this is BS from multiple inside sources or if Trump made the remark?
Regardless, FRB Chair does not set rates or control the $ supply.
That’s the domain of the Open Market Committee, of which FRB Chair is one of 7 votes.
The imminent Blue Wave as well as the FED killed the market...Buzz kill experts.
LOL, more spin. Some people are clearly desperate.
First of all, republicans still control 2/3 of the federal government - the senate and the presidency. Any talk about 1/3 of the federal government shifting control to another party somehow putting home sales on a skid is 100% desperation. 1/3 of the political power is not going to be able to overturn anything the other 2/3 has already done.
Second of all, people don't buy or not buy a house based on politics. If they do they are really really stupid. A house is something most people typically own for many years, if not decades. During that time the political landscape will change many times.
Third, by telling us the Fed raising rates is killing the housing market you are admitting the economy is weak. If the economy can't stand some relatively modest interest rate rises, then it IS weak.
Trump criticized Yellen relentlessly when he was running - claiming she was keeping interest rates too low. Now that HE'S President, he's criticizing his own appointee for raising interest rates. I swear you couldn't make this stuff up.
Ken
He does not seem to understand how things work.
Right up to the 2016 election he was touting how easy it was going to be to repeal AND replace Obamacare with something wonderful that would take care of everybody.
5 weeks into office Trump let loose with “ nobody knew healthcare could be so complicated”.
He was of course speaking for himself and his trusted advisors.
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